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- ManpowerGroup Shares (New York Stock Exchange: MAN) jumped 7.2% Thursday after the company forecast second-quarter earnings above expectations.
- The labor recruiting company expects second-quarter earnings per share to be between $1.24 and $1.34, compared to market expectations of $1.27 per share.
- However, the company's quarterly earnings part of $0.81 lost expectations for $0.04.
- MAN's first-quarter revenue fell 7.3% to $4.4 billion, missing analyst estimates by $20 million.
- The company highlighted a challenging environment in North America and Europe during the quarter, but strong demand in Latin America and the Asia-Pacific region.
- “Business owners in North America and Europe remain cautious as they wait for signs that the economic environment is on a sustainable path of improvement,” said CEO and President Jonas Prising.
- Press release
