Trueblue, Inc. (TBI) Misses Q3 EPS by 1c; Guides Q4 Above the Street
Trueblue, Inc. (NYSE: TBI) reported Q3 EPS of $0.54, $0.01 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $684 million versus the consensus estimate of $663.87 million.
For the fourth quarter of 2015, the company estimates revenue in the range of $738 million to $753 million and adjusted net income per share of $0.58 to $0.64. The consensus is $725.7 million and $0.55, respectively.
“Our team delivered solid organic revenue results this quarter,” said TrueBlue CEO Steve Cooper. “The pace of growth took a significant step up compared to our growth in the first half of the year. We are especially pleased that the improved results came from most geographies and industries including construction. We also saw improvement with small to medium-sized customers and continued strength with national customers.
“The appeal of our specialized service offerings continues to grow in a tightening labor market and we expect another solid quarter of growth as we finish 2015,” Cooper added. “We are excited about the opportunities for increased demand in our services during 2016 and the powerful earnings growth our business can produce.”
For earnings history and earnings-related data on Trueblue, Inc. (TBI) click here.
