Shares of Robert Half Inc. RHI dropped nearly 13% in the extended session Tuesday after the HR company missed earnings and revenue estimates for its second quarter, saying that clients held off in hiring new employees. Robert Half earned $106 million, or $1 a share, in the quarter, compared with $176 million, or $1.60 a share, in the year-ago quarter. Revenue dropped to $1.64 billion, from $1.86 billion a year ago. Analysts polled by FactSet expected Robert Half to report earnings of $1.
RHI dropped nearly 13% in the extended session Tuesday after the HR company missed earnings and revenue estimates for its second quarter, saying that clients held off in hiring new employees. Robert Half earned $106 million, or $1 a share, in the quarter, compared with $176 million, or $1.60 a share, in the year-ago quarter. Revenue dropped to $1.64 billion, from $1.86 billion a year ago. Analysts polled by FactSet expected Robert Half to report earnings of $1.13 a share on sales of $1.