Hudson Highland Posts a Strong 3rd Quarter
Shares of Hudson Highland Group (Nasdaq:HHGP) rose over 28% today after announcing the company’s 3rd quarter results. The quarter’s profits came in at $4.3 million or $0.17 per share. This is significantly higher than 2005’s 3rd quarter which showed $1.2 million in profits or $0.05 per share.
Hudson Highland specializes in staffing. The company finds employees for many specialty positions including executives. The company also keeps and index, called the Hudson employment index, to measure how confident employees are in the labor markets. In October this number increased to 101.4, compared with 100.5 a month earlier. No doubt the increase in the labor market has helped the company find business.