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

Quick Facts

Editors Pick
Poultry giant Sanderson Farms has blamed the national anthem protests in National Football League for its lower sales for the fourth-quarter and full year. Sanderson Farms, which is one of the biggest chicken providers in the US, said that NFL protests involving players taking a knee during the national... Amazon would reportedly sell Google's Chromecast streaming adapter for this Christmas. The online retailer giant has banned the product from its site for the last two years and has presumably settle the issues. Though the product is not available for sale, it has listed 4K-capable Chromecast Ultra adapter. Europe's no-frills airline Ryanair recognized pilot union for a smooth holiday season ahead. The airline had a discussion with its pilots union in Britain, Germany, Italy, Spain, Ireland, Portugal to iron out the issues. The pilots working for Ryanair have been enjoying different status and many of them were reportedly not in the rolls as full timers.
comments powered by Disqus
Follow RTT