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Why Shares of Insperity Tumbled Today

TheMotleyFool

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Shares of Insperity (NYSE: NSP) sank on Wednesday after the human resources solutions provider reported its fourth-quarter results. While Insperity beat analyst estimates, a decline in margins and guidance calling for weak earnings sent the stock down 23.4% by 12:45 p.m. EST.

Insperity reported fourth-quarter revenue of $1.08 billion, up 11.2% year over year and $30 million higher than the average analyst estimate. The average number of worksite employees paid per month was up 10%.

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Source Fool.com

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