CBIZ Reports Second-Quarter And First-Half 2018 Results

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CBIZ, Inc. (CBZ) Tops Q2 EPS by 1c, Revenues Beat; Offers FY18 EPS Outlook

August 2, 2018 6:35 AM EDT

CBIZ, Inc. (NYSE: CBZ) reported Q2 EPS of $0.23, $0.01 better than the analyst estimate of $0.22. Revenue for the quarter came in at $232.6 million versus the consensus estimate of $223.86 million.

SECOND-QUARTER HIGHLIGHTS:

TOTAL REVENUE +10.2%SAME-UNIT REVENUE +5.9%EPS FROM CONTINUING OPERATIONS OF $0.23,+15.0%

Jerry Grisko, CBIZ President and Chief Executive Officer, said, "Our strong performance in the second-quarter and first-half is a result of a healthy level of optimism among our clients,... More