Why Robert Half International Stock Jumped Today
Staff consulting company Robert Half International (NYSE: RHI) reported earnings Thursday night, and the market liked what it saw. Shares initially popped more than 13% on Friday, but settled back to a 3.4% gain as of noon EST.
Earnings per share of $0.84 beat the average estimate of $0.68 by 23.5%, according to Yahoo Finance. Revenue of $1.304 billion for the quarter ended Dec. 31, 2020 also beat estimates. The results "were very strong and exceeded the top end of our guidance range," said M. Keith Waddell, president and CEO of Robert Half. The company's global consulting subsidiary, Protiviti, recorded its 13th straight quarter with year-over-year revenue gains.
Source Fool.com
