Robert Half International (RHI) declared a reduced profit for the fourth quarter compared to the previous year, yet it surpassed Wall Street expectations. The company posted earnings of $87.30 million, equating to $0.83 per share, a stark contrast from the $147.65 million, or $1.37 per share, of the same quarter last year.
According to Thomson Reuters, analysts had, on average, predicted the company would earn $0.82 per share, typically removing special items from such estimates. The quarterly revenue for the company also saw a decline, falling 15.0% to $1.47 billion compared to $1.73 billion last year.
To summarise, here's a glance at Robert Half International’s general accepted accounting principles (GAAP) earnings:
- Fourth-quarter earnings: $87.30 million versus $147.65 million the previous year.
- Earnings per share (fourth quarter): $0.83 versus $1.37 last year.
- Analyst Estimates: $0.82
- Fourth-quarter revenue: $1.47 billion compared to $1.73 billion from the previous year.
