Published on 1 May 2024 on GuruFocus.com via Yahoo Finance
Insperity Inc (NSP) Q1 Earnings: Aligns Closely with Analyst Projections Amid Economic Challenges
Revenue: Reported $1.8 billion, a 2% increase year-over-year, closely aligning with estimates of $1808.34 million.Net Income: Achieved $79 million, falling short of the estimated $81.18 million.Earnings Per Share (EPS): Recorded at $2.08 per diluted share, below the estimated $2.13.Gross Profit: Rose by 4% to $345 million, driven by robust pricing and favorable benefits costs.Operating Expenses: Increased by 12% compared to the previous year, reflecting ongoing investments in growth and technology.Adjusted EBITDA: Reached $142 million, indicating strong operational performance.Shareholder Returns: Distributed $44 million through share repurchases and dividends in Q1 2024.
Warning! GuruFocus has detected 3 Warning Signs with NSP.