CBIZ reported a 56.7% jump in net income to $47 million for the third quarter, with total revenue rising 1.2% to $702 million. Although earnings per share increased to $1.21 from $1.01 a year ago, the results missed the Zacks Consensus Estimate of $1.28 per share. Meanwhile, the company confirmed that the ongoing cash acquisition by Grant Thornton at $55.00 per share remains in progress.
The company reported $702M in revenue and strong growth in adjusted EPS to $1.21, while confirming its pending cash acquisition at $55.00 per share.
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