FX.co ★ ASGN Inc. Q1 Profit Decreases, but beats estimates

ASGN Inc. (ASGN) has reported its first quarter profit which, while decreased compared to last year's figures, exceeded street estimates.

The company's earnings for the quarter totalled $38.1 million or $0.81 per share, a decrease from last year's first quarter earnings of $49.5 million or $0.99 per share.

On adjusting for specific items, ASGN Inc. reported earnings of $54.6 million or $1.16 per share for the quarter. According to compiled figures by Thomson Reuters, analysts had on average estimated the company to earn $1.11 per share, a prediction that usually doesn't account for special items.

ASGN Inc. saw a 7.1% drop in their revenue for the quarter. It decreased to $1.05 billion from $1.13 billion last year.

To provide a summary of the earnings as per the Generally Accepted Accounting Principles (GAAP):

- Earnings for Q1: $38.1 million, down from $49.5 million last year.

- Earnings Per Share for Q1: $0.81, down from $0.99 last year.

- Revenue for Q1: $1.05 billion, down from $1.13 billion last year.

In terms of guidance for the next quarter, EPS is expected to be between $0.97 and $1.04, and revenue is projected to be between $1.03 and $1.05 billion.