1/29/2010-Citigroup Equity Research issued a note to clients early Friday reiterating its Buy rating on Robert Half International (NYSE:RHI) following the company's "strong 4Q09 results and solid 1Q10 revenue outlook."
Citigroup analyst Ashwin Shirvaikar offered the following key takeaways, "RHI's 4Q09 results exceeded consensus expectations on revenue and EPS, with the latter partly attributable to a workers' comp adjustment and a tax benefit. Importantly, sequential revenue growth was robust and mgmt was upbeat about forward demand prospects. 1Q10 guidance was strong on revenue and generally in-line on EPS adjusted for the margin effect of US SUTA increases. We continue to like RHI's positioning in the US professional staffing market and look for strong incremental margins throughout 2010. Buy RHI."
