VANCOUVER, Wash. (AP) — VANCOUVER, Wash. (AP) — Barrett Business Services Inc. (BBSI) on Wednesday reported a loss of $14.8 million in its first quarter.
On a per-share basis, the Vancouver, Washington-based company said it had a loss of 59 cents. Losses, adjusted for pretax expenses, came to 13 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The human resources management company posted revenue of $307 million in the period. Its adjusted revenue was $2.16 billion, which met Street forecasts.
Barrett shares have declined 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.47, a fall of 29% in the last 12 months.
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