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What: Shares of staffing and consulting company Robert Half International
So what: Revenue grew 20% in the third quarter to $984.7 million, passing estimates of $970 million. And earnings per share of $0.31 more than doubled earnings from a year ago and came in three cents ahead of analyst's estimates.
Now what: With the employment picture looking dismal it’s a bit of a surprise to see a staffing company perform so well. But the advantage employers have in using Robert Half is that they don’t have to add permanent headcount and can let workers go if demand slows down. If the employment picture does begin to improve, then conditions should get even better, so I think this is bullish news for Robert Half.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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