Manpower misses 1Q profit forecasts

Associated Press |

MILWAUKEE (AP) _ ManpowerGroup Inc. (MAN) on Friday reported first-quarter earnings of $74.4 million.

On a per-share basis, the Milwaukee-based company said it had profit of $1.09.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.



The staffing company posted revenue of $4.76 billion in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $4.69 billion.

Manpower shares have increased 16 percent since the beginning of the year. The stock has climbed 21 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAN at https://www.zacks.com/ap/MAN

Keywords: ManpowerGroup, Earnings Report

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Lomiko Metals Inc.

Lomiko Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration and development of resource properties. Its projects include Vines Lake project and Quatre - Milles…

Private Markets

D-Wave

D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…