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INDEPENDENCE, Ohio (AP) — INDEPENDENCE, Ohio (AP) — CBIZ Inc. (CBZ) on Thursday reported a loss of $11.5 million in its fourth quarter.
On a per-share basis, the Independence, Ohio-based company said it had a loss of 23 cents. Losses, adjusted for non-recurring costs and to account for discontinued operations, were 21 cents per share.
The provider of outsourced business services posted revenue of $295 million in the period.
For the year, the company reported profit of $105.4 million, or $2.01 per share. Revenue was reported as $1.41 billion.
CBIZ expects full-year earnings in the range of $2.36 to $2.41 per share.
CBIZ shares have climbed 2% since the beginning of the year. The stock has increased 22% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CBZ">Zacks stock report on CBZ at https://www.zacks.com/ap/CBZ