CBIZ Q4 Loss Narrows, Revenues Increase - Quick Facts

(RTTNews) - CBIZ, Inc. (CBZ) reported fourth-quarter net loss of $1.33 million or $0.03 per share, narrower than loss of $3.95 million or $0.08 per share in the year-ago period.

Adjusted earnings from continuing operations were $0.11, compared to $0.08 per share last year.

Revenues for the quarter grew 7 percent to $157.02 million from $146.65 million in the preceding-year quarter. Same-unit organic revenue increased 2.1 percent.

For 2015, CBZ forecasts continued improvement in same-unit organic revenue growth rates and expects total revenue growth within a range of 5 percent to 7 percent. Assuming a constant share count compared with 2014, the company expects earnings per share from continuing operations to grow within a range of 12 percent to 15 percent over 2014.