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Gevity announces second-quarter financials PDF Print E-mail
July 31, 2008
The company reported net income of $188,000

Gevity, a professional employer organization specializing in human resources outsourcing, reported second quarter 2008 earnings from continuing operations of $2 million, or $0.08 per diluted share.

Net income was $188,000, down from $4.7 million in the second quarter 2007, and earnings per share decreased to one cent.

For the first half of 2008, operating expenses were adversely affected by pre-tax cost alignment charges of $2.3 million related to the company's core business.

 

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