Insperity Shares Move Higher

Insperity, a provider of a range of business services, reported Tuesday Q2 adjusted earnings of $0.82 per share, up from $0.60 per share in the prior year period. The result came in higher than the $0.68 per share Street estimate provided by Capital IQ. Revenues were $795.6 million, up from $707.3 million reported for the same period last year and higher than the $778.9 million Street estimate.

For Q3, the company expects adjusted earnings to range from $0.94 to $1.00 per share. The Street consensus calls for earnings of $1.02 per share. For 2017, the company now expects adjusted earnings to range from $4.47 to $4.60 per share, as compared to previously issued guidance of $4.30 to $4.44 per share. The Street consensus calls for earnings of $4.33 per share. Shares were 12% higher in recent morning trade.

Leave a Comment