ManpowerGroup (MAN) Tops Q3 EPS by 16c; Guides Q4 Above the Street

October 21, 2016 7:31 AM EDT

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ManpowerGroup (NYSE: MAN) reported Q3 EPS of $1.87, $0.16 better than the analyst estimate of $1.71. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $4.99 billion.

GUIDANCE:

ManpowerGroup sees Q4 2016 EPS of $1.65-$1.73, versus the consensus of $1.64.

Jonas Prising, ManpowerGroup Chairman & CEO, said, "We executed well in the third quarter despite continued soft and uneven market conditions globally. This slow growth environment results in our services and solutions becoming increasingly more attractive to companies that need operational and strategic flexibility. We have seen this translate into continued strong growth in our permanent recruitment and market leading workforce solutions offerings. As we look to the fourth quarter we are well placed to seize further opportunities across all our brands.

"We are anticipating the fourth quarter of 2016 diluted net earnings per share to be in the range of $1.65 to $1.73, which includes an estimated unfavorable currency impact of 2 cents," Prising stated.

For earnings history and earnings-related data on ManpowerGroup (MAN) click here.



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