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View All NewsInsperity 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.