Recruiter Robert Half down after Q2 results miss estimates

Robert Half

25/07/2024 15:09

** Recruiter Robert Half's  RHI.N  shares near four-year
low, last down 7.7% to $59.70
    ** Company reports Q2 revenue of $1.47 bln vs est $1.5 bln -
LSEG
    ** Posts Q2 net income of $68.2 mln vs est $74.6 mln
    ** "Client and candidate caution continues to impact hiring
activity and new project starts as macroeconomic and interest
rate uncertainty persists" - CEO Keith Waddell
    ** At least two brokerages cut PTs on stock
    ** RHI down 31.5% YTD

 (Reporting by Pranav Kashyap in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com))