Robert Half International Q1 2024 GAAP EPS $0.61 Misses $0.62 Estimate, Sales $1.475B Miss $1.488B Estimate
Portfolio Pulse from Benzinga Newsdesk
Robert Half International (RHI) reported Q1 2024 earnings of $0.61 per share, missing the consensus estimate of $0.62. Sales were $1.475B, below the $1.488B estimate, marking a 14.04% decrease from the previous year.
April 25, 2024 | 8:05 pm
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NEGATIVE IMPACT
RHI missed Q1 2024 earnings and sales estimates, with a significant year-over-year decrease in sales.
Missing both earnings and sales estimates, especially with a notable year-over-year sales decline, typically exerts negative pressure on a company's stock price in the short term. Investors may react negatively to the missed expectations and the significant decrease in sales compared to the previous year.
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