Staffing and consulting company Robert Half International Inc. (RHI) said after hours on Tuesday that it saw a +39% rise in fourth quarter profit as demand for temp and full-time workers increased.
The Menlo Park, California-based company reported a fourth quarter net income of $58.3 million, or 42 cents per share, up from $42 million, or 30 cents per share, earned in the same period a year ago.
Revenue for the quarter rose +6% to $1.03 billion, from $973.5 million in the fourth quarter in 2011.
According to analysts polled by FactSet, the consensus view was that RHI would earn 41 cents per share on revenue of $1.04 billion.
Not only has the company helped by an increase demand for workers, but lower corporate expenses helped push the results up.
For the full year 2012, net income spiked +41% to $208.9 million, or $1.50 per share, up from $147.8 million, or $1.04 per share, earned in 2011. Revenue was also up, hitting $4.11 billion.
Robert Half shares were flat during pre-market trading on Wednesday. The stock is up +20.83% over the past year.
The Bottom Line
Shares of Robert Half (RHI) have a dividend yield of 1.79% based on last night’s closing price of $33.53.
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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