Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Staffing specialist Robert Half
So what: Both the top and bottom line from Robert Half's second quarter report bested Wall Street's estimates. Revenue jumped 22% from a year ago to $938 million, while earnings per share tripled to $0.25. Analysts were looking for $0.22 in earnings per share on $907 million in revenue.
Now what: There's something for all of us to be excited about in this report -- even those of us that don't own Robert Half shares. In his press-release comments, Robert Half CEO Harold Messmer said that the company saw "broad-based improving demand for [Robert Half's] professional staffing services … both in North America and abroad." In what's been a particularly employment-challenged economy, this is certainly a positive note.
This is a great-looking quarter from Robert Half, but for investors that are still on the sidelines it may be worth seeing if shares settle back down. Currently, it appears the market has already priced a considerable amount of further growth into the shares.
Want to keep up to date on Robert Half? Add it to your watchlist.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Fool contributor Matt Koppenheffer does not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or Facebook. The Fool’s disclosure policy prefers dividends over a sharp stick in the eye.