logo
Share SHARE
FONT-SIZE Plus   Neg

ManpowerGroup Q2 Profit Rises - Quick Facts

ManpowerGroup (MAN: Quote) reported second-quarter net earnings of $68.2 million or $0.87 per share, compared to $41.0 million or $0.51 per share, a year earlier. The company noted that its current year second-quarter results included a restructuring charge, primarily related to office consolidations and severance costs, of $20.0 million. Excluding charges, earnings per share in the quarter was $1.05.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit of $0.89 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues were $5.04 billion, compared to $5.21 billion last year. Analysts expected revenue of $5.00 billion for the quarter. Selling and administrative expenses decreased 7.7 percent year-over-year to $708.3 million from $767.3 million last year. The company expects its third-quarter earnings per share to be in the range of $1.02 to $1.10, which includes an estimated unfavorable currency impact of 1 cent. Analysts expect the company to report third-quarter profit per share of $0.91.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
US Steel Corp. (X) Tuesday said it will "adjust operations" and temporarily idle a part of its Minntac plant in Mt. Iron, Minnesota, effective June 1. According to reports, the move would see about 700 employees laid off. The company said the decision was due to its current inventory levels and ongoing... Hewlett-Packard Co. (HPQ) has filed a lawsuit against Michael Lynch, the co-founder of Autonomy Corp., and its former Financial Chief Sushovan Hussain for a whopping $5.1 billion alleging that the executives misrepresented the financial situation of Autonomy. An HP's spokeswoman confirmed that the... Nine acres of green grass with 400 trees and a half-mile-long walk way. We are not talking about any park, but the expansive rooftop of Facebook's new office. The 430,000 square feet office is a single room and it might be the largest open floor plan in the world.
comments powered by Disqus
RELATED NEWS
Trade MAN now with 
Follow RTT