ManpowerGroup (MAN) Tops Q1 EPS by 5c; Guides Q2 EPS In-Line

ManpowerGroup (NYSE: MAN) reported Q1 EPS of $0.98, $0.05 better than the analyst estimate of $0.93. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.64 billion.

Jonas Prising, ManpowerGroup Chairman & CEO, said, "We are pleased with our performance in the 1st quarter, starting the year on a positive note. The global environment continues to be uneven, with some countries continuing on their path of slow and steady growth and others struggling to gain traction.

"This is the kind of environment where our workforce solutions can be instrumental in helping companies execute their business strategies, and at the same time provide millions of job seekers with opportunities for quality employment. We are committed to delivering outstanding service quality to our clients and candidates, helping them succeed in an uncertain environment.

"We anticipate second quarter earnings per share will range between $1.47 to $1.55, which includes an estimated unfavorable currency impact of 2 cents."

GUIDANCE:

ManpowerGroup sees Q2 2016 EPS of $1.47-$1.55, versus the consensus of $1.50.

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

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