ManpowerGroup (MAN) Tops Q2 EPS by 8c; Guides Q3 In-Line

ManpowerGroup (NYSE: MAN) reported Q2 EPS of $1.60, $0.08 better than the analyst estimate of $1.52. Revenue for the quarter came in at $5 billion versus the consensus estimate of $5.06 billion.

ManpowerGroup Chairman & CEO Jonas Prising said, "We are pleased with our second quarter results, contributing to a good first half of 2016. We were able to deliver solid results despite a softening and more uncertain global economic growth environment.

"Many organizations are looking for a trusted partner such as ManpowerGroup to help them adjust to the new normal of certain uncertainty. Our global presence and broad range of services and solutions makes us very well positioned to provide workforce solutions to our clients throughout the world.

"We are anticipating the third quarter of 2016 diluted earnings per share to be in the range of $1.66 to $1.74, which includes an estimated unfavorable currency impact of 3 cents," Prising stated.

GUIDANCE:

ManpowerGroup sees Q3 2016 EPS of $1.66-$1.74, versus the consensus of $1.71.

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

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