Why Shares of Hendrick & Struggles Are Higher Today
Shares of Hendrick & Struggles International (NASDAQ: HSII) shot up more than 20% after the executive search and consulting firm reported strong quarterly results. The stock gave up some of those gains as the day went on, but was still up 13% as of this writing.
Hendrick & Struggles reported first-quarter adjusted earnings of $0.86 per share on revenue of $193.7 million, easily topping analyst expectations for $0.53 per share in earnings on sales of $163.5 million. The business generated an adjusted operating margin of 12.1% in the quarter, the highest reported since 2008.
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Source Fool.com
