Shares of Insperity, Inc. (NSP), a human resources and business performance solutions provider, are down more than 15% Tuesday morning after the company lowered its full-year earnings outlook.
For the full year, Insperity now sees adjusted EPS in the range of 4.35-$5.32, down from the previous outlook $5.62-$6.39. Analysts expect earnings of $5.97 for the year.
The company's profit in the second quarter declined 61.6% to $12.89 million or $0.33 per share from $33.6 million or $0.87 per share in the same quarter a year ago.
Excluding one-time items, earnings were $3.30 per share, that beat the average estimate of analyst polled by Thomson-Reuters of $1.25 per share.
Revenue for the quarter, however, increased 10.7% to $1.585 billion from $1.432 billion last year. The consensus estimate was for $1.56 billion.
NSP, currently at $98.92, has traded in the range of $96.66 - $131.09 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.