Robert Half International (RHI) Tops Q4 EPS by 14c, Beats on Revenues

Robert Half International (NYSE: RHI) reported Q4 EPS of $0.65, $0.14 better than the analyst estimate of $0.51. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.32 billion.

• For the quarter ended December 31, 2017, net income was $47 million, or $.38 per share, on revenues of $1.35 billion. Net income for the prior year\'s fourth quarter was $78 million, or $.61 per share, on revenues of $1.27 billion.
• For the year ended December 31, 2017, net income was $291 million, or $2.33 per share, on revenues of $5.27 billion. For the year ended December 31, 2016, net income was $343 million, or $2.67 per share, on revenues of $5.25 billion.
• Included in fourth-quarter 2017 earnings was the estimated impact of a one-time, non-cash charge to the company\'s provision for income taxes of $34 million, or $.27 per share, resulting from the recently enacted Tax Cuts and Jobs Act (TCJA). The charge results primarily from a revaluation of the company\'s deferred income tax net assets as of December 31, 2017. Excluding this charge, fourth-quarter 2017 net income was $81 million, or $.65 per share, and full-year 2017 net income was $324 million, or $2.60 per share.

For earnings history and earnings-related data on Robert Half International (RHI) click here.

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