Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

BGSF Q3 revenue falls on lower billable hours

By Reuters News


Overview

  • US workforce solutions provider's fiscal Q3 revenue fell yr/yr due to lower billable hours

  • Adjusted EPS for fiscal Q3 rose to $0.09 from $0.08 a year earlier

  • Profitability improved due to lower expenses and operational efficiency


Outlook

  • Company expects cost reduction measures and strategic investments to help manage near-term market challenges


Result Drivers

  • LOWER BILLABLE HOURS - Co attributed revenue decline to fewer billable hours compared to prior year

  • EXPENSE REDUCTION - Co said improved profitability was mainly due to reduced selling, general, and administrative expenses and lower interest expense

  • PROPTECH AND AI INITIATIVES - Co said growth of PropTech platform and AI-enabled recruiting contributed to business improvements


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$25.13 mln

Q3 Adjusted EPS

$0.09


Reuters Recommended Reads

  • Nov 4 - Barrett Business Services Q3 revenue slightly beats on higher average billings per employee

  • Nov 4 - TrueBlue Q3 adjusted profit beats estimates as revenue jumps

  • Nov 4 - DHI Group Q3 revenue beats estimates on stronger defense, tech sectors


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.