TrueBlue (TBI) Tops Q1 EPS by 3c, Revenues Miss; Q2 Revenue Guidance Below Consensus, Affirms Q2 EPS Outlook
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TrueBlue Reports First Quarter 2019 Results
April 29, 2019 4:05 PM EDTTACOMA, Wash.--(BUSINESS WIRE)-- TrueBlue (NYSE: TBI) today announced its first quarter results for 2019.
First quarter revenue was $552 million, roughly flat compared to revenue of $554 million in the first quarter of 2018. Net income per diluted share was $0.21, a decrease of 5 percent, compared to $0.22 in the first quarter of 2018. Adjusted net income1 per diluted share was $0.27, a decrease of 13 percent, compared to $0.31 in the first quarter of 2018.
Our revenue trend improved from the prior quarter despite challenging weather conditions, and bottom line results exceeded our expectation, said Patrick Beharelle, CEO of TrueBlue. PeopleReady... More
