ManpowerGroup Inc. Beats Earnings Estimates, Misses Revenue

0
ManpowerGroup Inc. Beats Earnings Estimates, Misses Revenue

Manpower released the earnings results from its first fiscal quarter before opening bell this morning, posting earnings of 83 cents per share on $4.5 billion in revenue, a decline of 7% year over year. Analysts had been expecting earnings of 79 cents per share on $4.8 billion in revenue. In the same quarter a year ago, the temporary agency posted earnings of 86 cents per share.

Manpower hit by currencies

In this morning’s report, Manpower said its first quarter earnings were “significantly impacted” by the strengthening of the U.S. dollar. The company said revenues rose 7% and earnings per share rose 16% on a constant currency basis. Manpower reported a negative impact of 17 cents per share

Management expects earnings per share for the second quarter to be between $1.21 and $1.29 per share. That includes a 29-cent per share negative impact from foreign currency exchange versus the U.S. dollar.

Qualivian Investment Partners July 2022 Performance Update

stocks performance 1651757664Qualivian Investment Partners performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more Dear Friends of the Fund, Please find our July 2022 performance report below for your review. Qualivian reached its four year track record in December 2021.  We are actively weighing investment proposals. Starting in November Read More

Manpower CEO Jonas Prising said in a statement that this year is off to a strong start.

“It is encouraging to see the early signs of more broad based improvement in Europe, setting the stage for what we believe could be a slow but sustained labor market recovery in that region,” Prising said. “The strong start to the year gives us confidence that we are on the right track and that our focus on permanent recruitment and our market leading solutions offerings continues to pay off.  We are well placed to seize further opportunities as economic trends improve.”

 

Updated on

No posts to display