CBIZ Q3 Profit Plunges, But Revenues Up - Quick Facts

(RTTNews) - CBIZ, Inc. (CBZ) Monday reported third-quarter net income of $7.69 million or $0.15 per share, significantly down from $62.36 million or $1.27 per share in the prior year.

Earnings from continuing operations were $0.14 per share, up from $0.11 per share a year ago.

Adjusted earnings from continuing operations were $0.28, compared to $ 026 per share last year. The company noted that it has reclassified certain amounts in the 2013 financial data.

Revenues for the quarter grew 8.9% to $183.80 million from $168.78 million in the preceding year. Same-unit organic revenue increased 5.0%.

For full-year 2014, the company expects continued improvement in same-unit revenue growth rates, total revenue growth within a range of 5% to 7%, and growth in earnings per share from continuing operations within a range of 15% to 18% over 2013.