Gevity HR Shows Net Increase vs Loss Last Year

Gevity HR(R) (Nasdaq: GVHR) announced yesterday earnings per share of $0.06 for the third quarter ended September 30, 2002, up from $0.05 in the second quarter. Revenues increased by 8.3% to $864.4 million, as compared to $798.5 million in the third quarter of 2001. Operating expenses decreased by 16.1% for the same period. Earnings improved significantly from a net loss of $14.5 million in the third quarter of last year to a profit of $1.3 million, or $0.06 per share, in the third quarter of this year. "We are seeing very positive results from the focus we have placed on improving the cli...