Robert Half International Inc. (NYSE: RHI) updated its Q4 guidance. The company expects one-time cash charge of $0.27 to $0.31 per share related to tax reform. Robert Half now projects Q4 adjusted earnings of $0.29 to $0.39 per share, versus analysts’ estimates of $0.64 per share.
The company, based in Menlo Park, California, anticipates subsequent regulation associated with TCJA will be forthcoming and will provide additional guidance on application of the law, it is estimated that beginning in 2018, the Company's global effective income tax rate will be in the range of 26% to 28%.
Founded in 1948, Robert Half is the world's first and largest specialized staffing firm and a recognized leader in professional consulting and staffing services.
The company's specialized staffing divisions include Accountemps®, Robert Half® Finance & Accounting and Robert Half®Management Resources, for temporary, full-time and senior-level project professionals, respectively, in the fields of accounting and finance; OfficeTeam®, for highly skilled administrative support professionals; Robert Half® Technology, for project and full-time technology professionals; Robert Half® Legal, for project and full-time staffing of lawyers, paralegals and legal support personnel; and The Creative Group®, for interactive, design, marketing, advertising and public relations professionals.
Robert Half has staffing and consulting operations in more than 400 locations worldwide.
Robert Half shares gained 34 cents to $55.77 Thursday.
