WRAPUP 1-Robert Half, TrueBlue profits up on staffing demand

* Robert Half Q3 EPS $0.14 vs est $0.13

* Robert Half rev $817.3 mln vs est $791.3 mln

* TrueBlue Q3 EPS $0.23 vs est $0.20

* TrueBlue Q3 rev $312.8 mln vs est $303.1 mln

* TrueBlue sees Q4 EPS 7-12 cents vs est 11 cents

Oct 20 (BestGrowthStock) – Staffing firms Robert Half International
Inc (RHI.N: ) and TrueBlue (TBI.N: ) posted better-than-expected
quarterly results as an uncertain economy increased demand for
temporary workers.

Earlier in the day, industry bellwether Manpower Inc
(MAN.N: ) posted a quarterly profit that beat Wall Street
estimates by a wide margin. [ID:nN18268564]

Robert Half said it saw broad-based increases in demand
throughout its operations, while TrueBlue, a provider of
temporary blue-collar worker, said temporary staffing was on
the rise.

Employers, reluctant to commit to full-time hiring before
seeing concrete signs that a recovery has taken root, are
relying more on contingent labor, flexibly employing people as
needed, often for short contracts.

“Businesses are increasing their use of temporary staffing
and we will continue to invest in our sales and customer
service initiatives to capitalize on this growth opportunity,”
TrueBlue’s Chief Executive Steve Cooper said in a statement.

TrueBlue sees fourth-quarter earnings of 7-12 cents, on
revenue of $295-$305 million, while analysts were expecting
earnings of 11 cents on revenue of $283.6 million.

STRONG Q3

Robert Half’s third-quarter net income rose to $20.1
million, or 14 cents a share, from $9 million, or 6 cents a
share, a year go.

Revenue of the Menlo Park, California-based company rose
about 13 percent to $817.3 million. Gross margins saw an
increase of about 16 percent.

Analysts on average were expecting earnings of 13 cents a
share on revenue of $791.3 million, according to Thomson
Reuters I/B/E/S.

True Blue’s third-quarter profit (Read more your timing to make a profit.) rose 24 percent to $10.2
million, or 23 cents a share. Revenue rose 10 percent to $312.8
million.

Analysts were expecting TrueBlue to earn 20 cents a share,
before special items, on revenue of $303.1 million.

Shares of Robert Half closed at $27.15, while those of
TrueBlue closed at $14.63 Wednesday on the New York Stock
Exchange.

Robert Half’s shares have risen 28 percent since touching a
year low in August, while TrueBlue’s shares have gained 47
percent since their year-low in July.
(Reporting by Megha Mandavia in Bangalore; Editing by Savio
D’Souza and Maju Samuel)

WRAPUP 1-Robert Half, TrueBlue profits up on staffing demand