Administaff shares fell into a loss of 25%
Finance web site February 12 hearing Administaff Inc (ASF) shares fell as much as 25% more. Earlier this human resources services provider, announced fourth-quarter into a loss, mainly related with the health-care costs than expected. As of December 31 in the three months, Administaff loss of 2.8 millionU.S. Dollar, 11 cents a share. A year earlier, the company earned 9.7 million U.S. dollars, 39 cents per share. If you do not count the growth of health-care costs, Administaff profit of 15 cents per share, and acceptance of analysts polled by Thomson Reuters on average expected value unchanged.
Shares of Administaff’sStockFell 25.4% to 17.04 U.S. dollars, which hit their lowest level since 2008. Revenue for the quarter fell 7 percent, to 395.9 million U.S. dollars, a year ago figure of 4.26 billion U.S. dollars. Analysts had expected 395.3 million U.S. dollars.
Posted: February 16th, 2010 under Stock Market News.