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Why Shares of Insperity Crashed Today

TheMotleyFool

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Shares of Insperity (NYSE: NSP) tumbled on Monday after the provider of human resources and business performance solutions reported its third-quarter results. While revenue wasn't a surprise, the company badly missed analyst estimates for earnings and reduced its guidance for the full year. The stock was down 32.9% at 11:30 a.m. EST.

Insperity reported third-quarter revenue of $1.04 billion, up 12.8% year over year and in line with analyst expectations. This growth was driven by a 12% increase in the average number of work site employees paid per month.

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Source Fool.com

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