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Barrett Business Services Puts Up A Solid Quarter

After the close yesterday, Barrett Business Services (BBSI) released earnings for the 4th quarter of 2014. Between the press release and the company's earnings call this morning, one could gather that the numbers put forth exceeded expectations. As of 1:00 EST, BBSI was trading at $36.00, a gain of $5.67 on the day. This is a gain of 18% on the day and brings BBSI to a gain of 27% since my initial recommendation.

Just brushing over the highlights, gross revenues were up 19% y/y and earnings were up 27% y/y to $.97 per share. I'm not going to dig too deep into the numbers; let it suffice that BBSI put up solid growth numbers and the company continues to be a high teens grower in revenue and better in net income.

This is further confirmed by the guidance the company issued. In 2015, BBSI expects revenues to grow byRead More …