Gevity HR(R) (Nasdaq: GVHR) announced yesterday earnings per share of $0.06 for the fourth quarter ended December 31, 2002, and full year 2002 earnings results of $0.22 per share, in line with previously issued forecasts.
Reflecting the adoption, as previously announced, of a new revenue recognition policy, reported revenues for the fourth quarter of 2002 were $96.2 million as compared with $85.5 million in the fourth quarter of 2001. For the full year 2002, revenues increased by 12.6% to $374.7 million from $332.8 million. Under the company's new "net revenue" reporting, the salaries, wages...
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