Thursday, January 28, 2010

Robert Half Q4 2009 Earnings

As expected Robert Half (RHI) continues its commitment towards expense management.

Robert Half beat estimates by .04 and revenue of $737.4 million vs. $703.6 million.

However revenue is still down 25+% year over year. It sees Q1 2010 earnings at .03 - .08 vs. .06. While it sees revenue at 725 mil - 775 mil vs. 715.6 mil.

Overall Robert Half continues to manage its expenses far better than its much larger competitors such as Manpower (MAN) which continues to hemorrhage in debt. I will be interested in when Robert Half will be looking to expand its operations.

One point to note is that Robert Half's margins look a bit muted. This continues to be an area to focus on. If the economy continues to expand, Robert Half will look fairly attractive due to its favorable cost and debt management.

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