FX.co ★ ManpowerGroup Announces Retreat In Q3 Profit, Misses Estimates

ManpowerGroup (MAN) announced its third-quarter earnings, revealing a decline in profit compared to the same period last year and falling short of Wall Street's expectations. The company's net income for the quarter was $22.80 million, translating to earnings per share (EPS) of $0.47. This is a decrease from the $30.30 million, or $0.60 per share, reported in the third quarter of the previous year.

The consensus estimate from analysts, sourced from Thomson Reuters, had anticipated EPS of $1.29. It is important to note that these projections typically exclude any special items.

The company also experienced a 3.1% reduction in revenue, which dropped to $4.530 billion from $4.676 billion in the corresponding period last year.

Key financial highlights from ManpowerGroup (GAAP) for the third quarter include:

- Earnings: $22.80 million compared to $30.30 million last year

- EPS: $0.47 compared to $0.60 last year

- Revenue: $4.530 billion compared to $4.676 billion last year

In terms of forward-looking guidance, ManpowerGroup projects EPS for the next quarter to be in the range of $0.98 to $1.08.