CBIZ: Q3 Earnings Snapshot

INDEPENDENCE, Ohio (AP) — INDEPENDENCE, Ohio (AP) — CBIZ Inc. (CBZ) on Monday reported third-quarter earnings of $47.2 million.

The Independence, Ohio-based company said it had profit of 79 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.21 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The provider of outsourced business services posted revenue of $702.2 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $727.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBZ at https://www.zacks.com/ap/CBZ