Robert Half (NYSE:RHI) Releases Earnings Results, Beats Estimates By $0.02 EPS
Talent Solutions returned to revenue growth, while fourth-quarter guidance calls for up to $1.39 billion in revenue and 30% EPS growth at the midpoint.
- On Friday, Robert Half Inc. reported a return to year-over-year revenue growth in its Talent Solutions segment, marking the first such increase since 2022. Shares surged after the company posted higher third-quarter profit.
- Global enterprise revenues reached $1.359 billion, remaining flat on an adjusted basis. Management attributed stabilization to strengthening demand in technology and finance specializations, supported by Protiviti's consulting services.
- Net income per share rose to $0.49, up 14% from $0.43 a year ago, exceeding analyst expectations of $0.47. The company distributed a $0.59 per share cash dividend in September.
- Robert Half raised its fourth-quarter outlook, forecasting earnings between $0.36 and $0.46 per share with a midpoint of $0.41, representing 30% growth over the prior year. Revenue guidance ranges from $1.285 billion to $1.39 billion.
- The company expects Protiviti to return to year-over-year revenue growth in the fourth quarter, driven by regulatory and compliance demand. Management views artificial intelligence investments as enhancing specialized talent demand rather than displacing professional roles.
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Robert Half's shares shot in New York (Nyse) after the company disclosed a third-quarter profit above market expectations, driven by an improvement in contracting activity. The recruitment and consulting company informed, after closing the market on Thursday (22), profit of $49.9 million, or $0.49 per share, before $42.9 million, or $0.43 per share, registered in the same period of the previous year. Exclusive material for subscribers. To have f…
Robert Half (NYSE:RHI) Releases Earnings Results, Beats Estimates By $0.02 EPS
Robert Half (NYSE:RHI - Get Free Report) released its quarterly earnings results on Thursday. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.36 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. During the same quarter last ye…
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