CBIZ Reports First-Quarter 2020 Results
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CBIZ, Inc. (CBZ) Misses Q1 EPS by 5c, Revenues Miss
May 6, 2020 6:39 AM EDTCBIZ, Inc. (NYSE: CBZ) reported Q1 EPS of $0.66, $0.05 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $277.46 million versus the consensus estimate of $280.68 million.
FIRST-QUARTER HIGHLIGHTS:
Total revenue increases 2.8%Same-unit revenue increases 0.9%EPS $0.66 vs. $0.67 in prior-year first quarterAdjusted EBITDA $57.0 million vs. $57.7 million in prior-year first quarterMobilizes resources to help clients access emerging economic relief opportunitiesFinancial flexibility positions Company well for economic recoveryJerry Grisko, President and Chief Executive Officer of CBIZ, said,... More
