By Denny Jacob
Insperity shares rose 11% after higher-than-expected results in its fourth quarter and guidance that left room for upside compared to Wall Street's estimates.
Shares were trading around $77.48. The stock is down 19% over the last year.
The human resources service company logged a loss of $9 million on revenue of $1.61 billion, compared to net income of $19 million on $1.58 billion in revenue a year earlier. Analysts polled by FactSet expected a loss of $8.9 million on revenue of $1.60 billion.
Insperity forecast adjusted earnings per-share between $1.89 and $2.15 in the first quarter, while the same metric is expected to be in the range of $3.10 to $3.95 in 2025. Analysts polled by FactSet expected $2.02 a share in adjusted earnings in the current quarter and $3.70 a share in adjusted earnings in 2025.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 10, 2025 10:59 ET (15:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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