Robert Half's 3Q net income up 16 percent

The Associated Press
October 22, 2013

NEWS: Robert Half International Inc. said Tuesday that its third-quarter net income rose 16 percent on increasing demand for its staffing services.

DETAILS: The Menlo Park, Calif.-based company operates worldwide and offers workers through its Accountemps, Robert Half Finance & Accounting, OfficeTeam, Protiviti and other divisions. Demand was strongest in the Protiviti consulting and risk services division and for technology workers, said CEO Harold Messmer in a statement.

NUMBERS: Net income came to $66.4 million, or 48 cents per share, in the quarter that ended on Sept. 30. That compares with $57.4 million, or 41 cents per share, in the same quarter from a year ago.

Revenue rose 4 percent, to $1.08 billion from $1.03 billion.

Results matched the predictions of analysts polled by FactSet.

STOCK: Robert Half's shares rose 20 cents to close at $40.72 Tuesday. They dipped 1.8 percent to $40 in after-hours trading.