Robert Half (RHI) Q2 Earnings Meet Estimates, Revenues Lag
Zacks Investment Research | Jul 23, 2019 11:39PM ET
Robert Half International Inc.’s (NYSE:RHI) second-quarter 2019 earnings came in line with the Zacks Consensus Estimate but revenues missed the same.
The stock gained 2.9% in the after-hours trading as revenue guidance for the third quarter was encouraging. Management guided a range of $1.525 billion to $1.590 billion, whosemid-point of $1.558 is above the current Zacks Consensus Estimate of $1.540 for the period.
Quarterly earnings came in at 98 cents per share, up 10% year over year. The reported figure was within the company guided EPS range of 92 cents to $1.03.
Revenues of $1.52 billion lagged the consensus mark by 0.1% but increased 4.1% year over year on a reported basis and 5.6% on an adjusted basis. Revenues were within the company’s guided range of $1.485-$1.550 billion.
Robert Half witnessed solid revenue growth across its U.S. as well as non-U.S. staffing and Protiviti operations in the reported quarter.
So far this year, shares of Robert Half have gained 2.8%, significantly underperforming the 16.8% rally of the Zacks Investment Research
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