Improved margins, lower costs lift Exult in Q4 (EXLT) By Michael Baron
Exult (EXLT) is gaining more than 15 percent to $4.95 after the Irvine, Calif., provider of human resource outsourcing services posted fourth-quarter earnings of $1.8 million, or 2 cents a share, a penny ahead of Wall Street's consensus estimate. Revenue totaled $121.6 million in the latest three months, a 36 percent increase from its year-ago quarterly performance. The company attributed the strong results to better gross margins, operational improvements, and lower selling, general and administrative expenses.