On Assignment, Inc. (ASGN) reported net income for the first quarter of $24.6 million or $0.46 per share, compared to $5.4 million or $0.14 per share for the year-ago quarter.
Income from continuing operations for the first quarter was $10.6 million or $0.20 per share, up from $5.0 million or $0.13 per share in the prior year quarter.
Excluding items, adjusted income from continuing operations for the latest quarter was $18.8 million or $0.35 per share.
Revenues for the first quarter jumped 148% to $389.19 million from $156.76 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.18 per share on revenue of $378.47 million for the first quarter. Analysts' estimates typically exclude special items.
Looking forward to the second quarter, the company forecast revenue of $410 million to $414 million, income from continuing operations of $0.27 to $0.29 per share and adjusted income from continuing operations of $0.41 to $0.43 per share.
Analysts currently expect the company to earn $0.26 per share on revenue of $401.98 million for the second quarter.
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