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Insperity revenue up 3%

August 01, 2014

Insperity Inc. (NYSE: NSP) reported revenue rose 3.2 percent in the second quarter to $564.6 million, but gross margin narrowed at the Houston-based PEO.

Net income fell 45.8 percent in the second quarter to $1.9 million. The company reported an impairment charge of almost $2.5 million associated with the reorganization of its employment screening business.

Revenue

  Q2 2014 ($000s) Q2 2013 ($000s) % growth
Revenue $564,621 $547,274 3.2%

Gross margin

  Q2 2014 Q2 2013
Gross margin 16.9% 17.9%

Net income

  Q2 2014 ($000s) Q2 2013 ($000s) % growth
Net income $1,891 $3,488 -45.8%

Share price and market cap

Insperity shares fell 2.79 percent in early afternoon trading to $31.02. The company had a market cap of $792.09 million.