Insperity (NYSE: NSP), a leading provider of human resources and business performance solutions, saw its stock soar 12.14% in pre-market trading on Monday, February 10th. The company reported impressive fourth quarter 2024 results, with revenue and earnings exceeding market expectations. Additionally, Insperity provided an optimistic outlook for 2025, fueling investor confidence.
In the fourth quarter, Insperity's revenue climbed 2% year-over-year to $1.61 billion, surpassing the consensus estimate of $1.6 billion. The company's adjusted earnings per share (EPS) of $0.05 also outperformed analysts' expectations of $0.02, despite a 93.33% decrease from the prior year's $0.75 per share.
The strong performance was driven by several factors, including increased pricing, favorable results from the company's benefits costs program and payroll taxes, and a successful year-end sales and client retention campaign. Insperity's CEO, Paul J. Sarvadi, highlighted the company's growth inflection point, stating, "We are pleased with our fourth quarter and full year 2024 results, including an exceptional year-end sales and client retention campaign, accomplishing an important growth inflection point entering the new year."
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