Robert Half International stock fell sharply after quarterly results

3:16 PM October 23, 2020
Robert Half International (RHI.US) stock moved lower in after-market trading after the company reported Q3 results. The business services provider reported a profit for third quarter that declined from the same period last year. The company's earned $0.67 per share, which came in above analysts' expectations of $0.58 per share. Earnings per share decreased 33.66% compare to the same quarter in the previous year, when the company earned $1.01 EPS. Revenue of $1.19 billion came in above the consensus estimate of $1.17 billion. However it was 23.3% lower compared to the same quarter last year. Company did not provide any guidance for the time being.
Robert Half International (RHI.US)- stock bounced of the local resistance at $54.80 and is currently testing the upward trendline which is additionally strengthened by 200 SMA (red line). Breaking below it may trigger a bigger downward move towards local support at $48.75. However in case buyers manage to halt decline here, another upward impulse could be launched. Source: xStation5
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