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ManpowerGroup Q2 Profit Rises - Quick Facts

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7/19/2013 7:48 AM ET

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.

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by RTT Staff Writer

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