Staffing and risk consulting services provider Robert Half International Inc. (RHI) late Thursday posted mixed third quarter earnings results.
The Menlo Park, CA-based company reported third quarter net income of $57.7 million, or 41 cents per share, compared with $44.2 million, or 31 cents per share, in the year-ago period.
Revenue rose 4.7% from last year to $1.03 billion.
On average, Wall Street analysts expected a smaller profit of 38 cents per share, albeit on slightly higher revenue of $1.04 billion.
Robert Half shares rose 78 cents, or +3%, in premarket trading Friday.
The Bottom Line
Shares of Robert Half (RHI) have a 2.31% dividend yield, based on last night’s closing stock price of $25.93. The stock has technical support in the $22-$24 price area. If the shares can firm up, we see overhead resistance around the $27-$29 price levels.
Robert Half International Inc. (RHI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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