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| Gevity announces second-quarter financials |
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| July 31, 2008 | |
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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. |