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

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Trade MAN now with 
Follow RTT