CBIZ, Inc. (NYSE:CBZ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
CBIZ, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 81.82% to $0.02 in the quarter versus EPS of $-0.02 in the year-earlier quarter.
Revenue: Rose 5.59% to $172.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: CBIZ, Inc. reported adjusted EPS income of $0.02 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $169.43 million.
Quoting Management: Steven L. Gerard, CBIZ Chairman and CEO stated, “Throughout 2012, we have seen an improving environment for our business, and this trend continued in the fourth quarter, with all of our core businesses reporting same-unit revenue growth. During 2012, we continued to make investments in each of our businesses that are expected to enhance our future growth prospects. In addition, we were very active with our acquisition program in all segments of our business during 2012, having closed five acquisitions in the fourth quarter and ten acquisitions during the full year. Going into 2013, we expect stronger growth in revenue and earnings per share than we achieved in 2012, while continuing our strategic acquisition and investment program,” concluded Mr. Gerard.
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