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Research from Staffing Industry Analysts

November 05 2008

Here is the latest research from Staffing Industry Analysts.

BRIEFING - Analysis of Spherion 3Q08 earnings release
*Revenue down 11.4% on organic basis
*Commercial direct-hire plummets 45.5%; professional off 22.6%
*Company abstains from 4Q08 guidance citing limited visibility

For the full Briefing, click here.

BRIEFING - Analysis of CDI 3Q08 earnings release
*Revenue down 5.6% Y/Y; company projects 9% to 12% Y/Y contraction in 4Q
*Engineering and IT down only slightly in 3Q
*But AndersElite and MRI see double-digit Y/Y contraction

For the full Briefing, click here.

BRIEFING — Staffing Industry Stock Index analysis
*SISI falls 26.6% in October; No gainers; All firms down more than 14%
*AMN, CDI, Gevity, MSN, TrueBlue all down more than 40%
*Global economic downturn reduces demand in commercial and professional

For the full Briefing, click here.

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