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Insperity updates FY’16 guidance

Insperity Inc.has updated its guidancefor the full year 2016 and provided its outlook for the second quarter.

For 2016, the company now expects adjusted EPS of between $3.46and $3.58 and adjusted EBITDA of $141 million to $145 million. Insperity previouslyexpected adjusted EPS between $3.19 and $3.36 and adjusted EBITDA between $134 millionand $141 million.

For the second quarter, the company expects adjusted EPS of 54cents to 62 cents and adjusted EBITDA of $24 million to $27 million.

The S&P Capital IQ consensus normalized EPS estimate forthe second quarter is 58 cents.

Insperity reported first-quarter net income allocated to commonshares of $32.0 million, or $1.53 per common share, compared with $13.4 million,or 54 cents per common share, a year ago.

Adjusted net income was $34.9 million, or $1.63 per common share,up from $21.6 million, or 86 cents per common share, in the prior-year period.

The S&P Capital IQ consensus normalized EPS estimate forthe first quarter was $1.47.