ManpowerGroup (NYSE: MAN) reported Q1 EPS of $0.03, $0.72 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.27 billion.

"The COVID-19 crisis has significantly disrupted the global economy, our clients and the demand for our services. The speed and magnitude of change in market conditions in the last few weeks of March was unlike anything we have seen in our over 70 year history. Our organization moved swiftly to execute our business continuity plans and to provide necessary support to our people, our clients and our communities," said Jonas Prising, ManpowerGroup Chairman & CEO. "I want to thank our more than 28,000 employees for remaining steadfast in supporting our clients and associates through a very challenging environment."

"We have a very experienced global management team that has gone through a number of recessions and we come into this crisis with clear strategic priorities and a strong balance sheet. I am very confident we will manage through this difficult period while continuing to advance key strategic initiatives. I believe this will allow us to emerge from this crisis better positioned to capture growth and market share. As we cannot forecast when governments in certain major markets will be lifting current work restrictions, we will not be providing guidance for our second quarter earnings."

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