Manpower misses by $0.04, beats on revs; guides Q3 EPS above consensus
- Reports Q2 (Jun) earnings of $1.72 per share, $0.04 worse than the Capital IQ Consensus of $1.76; revenues rose 2.5% year/year to $5.15 bln vs the $5.06 bln Capital IQ Consensus.
- Co issues upside guidance for Q3, sees EPS of $1.90-1.98 vs. $1.93 Capital IQ Consensus Estimate.
- ManpowerGroup Chairman & CEO Jonas Prising said, "We are pleased with our strong second quarter results. The labor markets continue to improve in Europe and across the globe, which is a good foundation for continued profitable growth as we head into the second part of 2017. The improving market conditions were spread across the geographies where we operate, and revenue growth was strong in a number of our countries, with our teams in France, Italy, Mexico and Poland leading the way."