logo
Share SHARE
FONT-SIZE Plus   Neg

ManpowerGroup Q2 Profit Rises - Quick Facts

ManpowerGroup (MAN) 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
While buying interest was somewhat subdued, stocks managed to end Tuesday's trading mostly higher. The gains on the day partly offset the steep drop seen in the previous session, although the major averages remain well off their recent highs. Media and entertainment giant Walt Disney Co. said Tuesday that Christine McCarthy, the company's Treasurer for the past 15 years, will succeed James Rasulo as Chief Financial Officer. New Jersey Governor Chris Christie officially kicked off his campaign for president at an event on Tuesday, joining an already crowded Republican field. Speaking at a rally at his former high school in Livingston, New Jersey, Christie declared he is ready to fight for the people of the United States of America.
comments powered by Disqus
RELATED NEWS
Trade MAN now with 
Follow RTT