Insperity Adj. Earnings Beat Estimates; Stock Up In Pre-market

(RTTNews) - Insperity, Inc. (NSP), a provider of human resources and business performance solutions, Monday reported a net loss for the fourth quarter compared with profit in the year-ago period, primarily impacted by stock based compensation of $14 million. Excluding one-time items, adjusted earnings beat analysts' expectations. The company's shares were more than 9 percent up in pre-market.

Insperity posted net loss of $9 million or $0.22 per share for the fourth quarter, compared with net income of $19 million or $0.52 per share in the same quarter a year ago.

Adjusted earnings were $1 million or $0.05 per share, above the consensus estimate of $0.02 per share. Analysts' estimates typically exclude special items.

Operating loss was $15 million versus operating income of $23 million last year.

Revenue for the quarter grew 2 percent to $1.613 billion from $1.580 billion in the previous year. The Street was looking for $1.6 billion.

For the first quarter, the company expects EPS of $1.61 - $1.87, and adjusted EPS of $1.89 - $2.15. The consensus estimate is for $2.02.

For the full year, EPS is expected between $1.87 and $2.72, and adjusted EPS of $3.10 - $3.95. Analysts expect earnings of $3.67 per share for the year.

Insperity stock had closed at $69.60, down 2.56 percent on Friday. It has traded in the range of $68.79 - $110.72 in the last 1 year.