Manpower beats by $0.18, beats on revs; guides Q2 EPS above consensus
Reports Q1 (Mar) earnings of $0.86 per share, $0.18 better than the Capital IQ Consensus Estimate of $0.68; revenues rose 2.9% year/year to $4.9 bln vs the $4.83 bln consensus.
- Co issues upside guidance for Q2, sees EPS of $1.26-1.34, excluding non-recurring items, vs. $1.21 Capital IQ Consensus Estimate.
- "Despite the slow start in January, we are experiencing more positive revenue trends as we enter the second quarter in almost all of the major geographies. Growth in our Europe business improved to over 4 percent in constant currency in the quarter, and exceeded 3 percent on an average daily basis".
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