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Barrett Business Services Earnings Review

Barrett Business Services (BBSI) announced 2nd quarter earnings Tuesday after the bell. Diluted earnings came in at $.29/share for the quarter, down from the previous year's 2nd quarter earnings of $.42/share. However, they did beat analysts' (all 2 of them) average estimate of $.22/share. Net revenue for the quarter were $72.2m, up $8.3m or 13% from the previous year's quarter and gross revenues were $269.5m, up 0.7% over the similiar period in 2007.

The outlook for the 3rd quarter:

"The Company also disclosed today limited financial guidance with respect to its operating results for the third quarter ending September 30, 2008. The Company expects gross revenues for the third quarter of 2008 to range from $277 million to $282 million, as compared to $296.8 million for the third quarter of 2007, and anticipates diluted earnings per share for the third quarter of 2008 to range from $.34 to $.36 per share, as compared to $.54 per share for the same period a year ago."

Analysts had estimated 3rd quarter estimates at $.26/share, so the company's guidance for the 3rd quarter is a positive despite the decline from the previous year's period. more

Masters of finance are driving business transformation

Finance-led business transformation "focuses on improving performance, stewardship and control of the company by enabling chief financial officers and their [f]inance organizations to have greater impact on strategy formulation and execution across the enterprise," the researchers say. They show examples of finance mastery at work at Apple, Porsche and BASF, among other companies. Deloitte (07/17)

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Progressions

Boyle Engineering Corp. has appointed Marie Zarate marketing representative for its Orlando office.


Finance

Mercantile Commercial Capital LLC, Altamonte Springs, has appointed Linda Smith marketing associate.

Emergent National Bank, Winter Park, has appointed Jason L. Rottenberg to its board.


Hospitality

Marcus Lund has been appointed director of sales and marketing at The Point Orlando Resort in Orlando.

Wyndham Worldwide has appointed Jose Nido director of supplier diversity for its Orlando location.


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