Revenue Update on Robert Half International(NYSE:RHI)

Robert Half International(NYSE:RHI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $1.34B. Analysts estimated a revenue of $0.73. Earnings per share were $0.71. Analysts had estimated an EPS of $0.73.

In a different note, On Jul 13, 2016, Bank of America said it Downgrades its rating on Robert Half International. The shares have been rated ‘Neutral’ by the firm.

Robert Half International (RHI) shares turned negative on Fridays trading session with the shares closing down -0.64 points or -1.72% at a volume of 13,49,624. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.08. The peak price level was also seen at $37.08 while the days lowest was $36.52. Finally the shares closed at $36.54. The 52-week high of the shares is $58 while the 52-week low is $34.34. According to the latest information available, the market cap of the company is $4,798 M.

Several Insider Transactions has been reported to the SEC. On Aug 14, 2015, Paul F Gentzkow (President & COO) sold 151,250 shares at $55.98 per share price.Also, On Feb 24, 2015, Harold M Jr Messmer (Chairman & CEO) sold 100,000 shares at $61.21 per share price.On Feb 13, 2015, M Keith Waddell (Vice Chairman, President & CFO) sold 300,000 shares at $60.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Robert Half International Inc. is engaged in providing specialized staffing and risk consulting services. The Company provides staffing and risk consulting services through the divisions: Accountemps Robert Half Finance & Accounting OfficeTeam Robert Half Technology Robert Half Management Resources Robert Half Legal The Creative Group and Protiviti. The Company operates through three segments: temporary and consultant staffing permanent placement staffing and risk consulting and internal audit services. The temporary and consultant segment provides specialized staffing in the accounting and finance administrative and office information technology legal advertising marketing and Web design fields. The permanent placement segment provides full-time personnel in the accounting finance administrative and office and information technology fields. The risk consulting segment provides business and technology risk consulting and internal audit services.

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