HR company Robert Half says that clients held off in hiring new workers, Q2 sales drop

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HR company Robert Half says that clients held off in hiring new workers, Q2 sales drop
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Shares of Robert Half Inc. dropped nearly 13% in the extended session Tuesday after the HR company missed earnings and revenue estimates for its second...

Shares of Robert Half Inc. RHI dropped nearly 13% in the extended session Tuesday after the HR company missed earnings and revenue estimates for its second quarter, saying that clients held off in hiring new employees. Robert Half earned $106 million, or $1 a share, in the quarter, compared with $176 million, or $1.60 a share, in the year-ago quarter. Revenue dropped to $1.64 billion, from $1.86 billion a year ago. Analysts polled by FactSet expected Robert Half to report earnings of $1.

RHI dropped nearly 13% in the extended session Tuesday after the HR company missed earnings and revenue estimates for its second quarter, saying that clients held off in hiring new employees. Robert Half earned $106 million, or $1 a share, in the quarter, compared with $176 million, or $1.60 a share, in the year-ago quarter. Revenue dropped to $1.64 billion, from $1.86 billion a year ago. Analysts polled by FactSet expected Robert Half to report earnings of $1.13 a share on sales of $1.

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