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After market close on February 11, 2020, Insperity announced its financial results for its fourth quarter and full-year 2019. The Company disclosed that "[t]he average profit per [worksite employee] per month declined from $272 in 2018 to $259 in 2019 on a higher than expected benefits cost trend due to elevated large healthcare claim activity." The company also reported, for its fourth quarter, net income and diluted earnings per share of $20.4 million and $0.51 which represented decreases of 17% and 14%, respectively, compared to the fourth quarter of 2018. Following these disclosures, Insperity's share price fell over 19%. To obtain additional information, go to:https://www.zlk.com/pslra-1/insperity-inc-loss-form or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500.
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Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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Tel: (212) 363-7500
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SOURCE: Levi & Korsinsky, LLP