Stocks on the Move (Acumen) A roundup of some of the North American equities making moves in both directions today
People Corp. (PEO-X) dipped 0.6 per cent after it reported first-quarter results before the bell that fell just short of expectations on the Street.
The Winnipeg-based management consulting company revealed revenue of $44.3-million for its first quarter ended Nov. 30 compared to $36.3-million a year ago. Analysts were expecting revenue of $45.4-million.
Its net loss of $2.8-million or 4 cents per share compared to a loss of $1.5-million or 3 cents a year ago.
Acumen Capital analyst Jim Byrne said: "PEO continues to execute on its strategic plan by recently completing the Apri and Collage deals as well launching its new disability management solution. The company has initiated the first phase of integration related to the shared services functions relating to the recently acquired firms, including ACL Student Benefits and Collage.
"We believe PEO is well positioned for further organic and acquisitive growth in 2020 and remains one of our favorite names in our coverage universe."