Robert Half 4Q net up 38 pct on demand for workers

Robert Half 4Q profit rises 38 percent as demand for workers increases

RELATED QUOTES

SymbolPriceChange
RHI36.100.64

MENLO PARK, Calif. (AP) -- Staffing company Robert Half International Inc. said on Tuesday that its fourth-quarter profit jumped almost 38 percent as demand grew for both temporary and full-time workers, especially in the U.S.

The company said it earned $58.3 million, or 42 cents per share, for the quarter that ended Dec. 31. That was up from $42 million, or 30 cents per share, during the same period a year earlier.

Revenue rose 5.8 percent to $1.03 billion, from $973.5 million a year earlier.

Analysts surveyed by FactSet had been expecting a profit of 41 cents per share on revenue of $1.04 billion.

Robert Half said its results were also helped by lower corporate expenses as a portion of its overall revenue, and a "solid" fourth quarter for its consulting operation, Protiviti.

For all of 2012, net income rose 40 percent to $208.9 million, or $1.50 per share, up from $147.8 million, or $1.04 per share, in 2011. Revenue rose 8.7 percent to $4.11 billion.

Robert half shares had fallen 34 cents to close at $33.53 before the results were released. They were unchanged in aftermarket trading.

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    What would you like to see out of any potential tax reforms?

    Loading...
    Poll Choice Options