CBIZ, Inc. (CBZ) Misses Q1 EPS by 3c, Revenues Miss; Provides FY19 Fiscal Outlook
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CBIZ Reports First-Quarter 2019 Results; Affirms Full-Year Guidance
April 25, 2019 6:30 AM EDTCLEVELAND, April 25, 2019 /PRNewswire/ --
FIRST-QUARTERÂ HIGHLIGHTS:
REVENUE +1.5% SAME-UNIT REVENUE +1.0% EPS FROM CONTINUING OPERATIONS +4.7%CBIZ, Inc. (NYSE: CBZ) today announced financial results for the first quarter ended March 31, 2019.
For the 2019 first quarter, CBIZ reported revenue of $270.0 million, an increase of $3.9 million, or 1.5%, over the $266.1 million reported in 2018. Same-unit revenue increased by $2.7 million, or 1.0%, for the quarter, compared with the same period a year ago. Newly acquired operations, net of divestitures, contributed $1.2 million, or 0.5%, to revenue growth in the quarter. CBIZ reported income from continuing... More
