Robert Half International Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, net service revenues were $1,324,709,000 against $1,338,541,000 a year ago. Income before income taxes was $132,270,000 against $146,324,000 a year ago. Net income was $84,700,000 against $90,569,000 a year ago. Diluted net income per share was $0.68 against $0.71 a year ago. Operating income was $132,221,000 against $146,367,000 a year ago. Capital expenditures were $7,354,000 against $19,540,000 a year ago. Cash flow from operations was $129 million.

For nine months, net service revenues were $3,920,507,000 against $3,985,326,000 a year ago. Income before income taxes was $388,478,000 against $429,529,000 a year ago. Net income was $243,537,000 against $265,601,000 a year ago. Diluted net income per share was $1.94 against $2.06 a year ago. Operating income was $388,517,000 against $429,762,000 a year ago. Capital expenditures were $28,540,000 against $63,280,000 a year ago.

The company offer the following fourth quarter guidance: Revenues, $1,287,000,000 to $1,347,000,000; income per share, $0.60 to $0.66. The midpoint of fourth quarter guidance range implies year-over-year revenue growth of 4% on a reported basis and 3% adjusted for days and currency. EPS would be up 3% versus last year at the midpoint of guidance range. The company currently expects tax rate of 37%.

For the year, capital expenditures will be in the $40 million to $50 million range compared to $82 million last year.