Two companies from job recruitment sector, ManpowerGroup Inc. (NYSE: MAN) and Monster Worldwide, Inc. (NYSE: MWW), have announced their results on Friday. Manpower results topped estimates, while
Monster results failed to cheer investors.
Q3 Results
Manpower reported net earnings of $129.2 million, or $1.87 per share, on revenue of $5.1 billion in the third quarter. This
exceeded the Street analysts' estimates of $1.71 per share on revenue of $4.99 billion.
In the year-ago quarter, the company earned a profit of $123.9 million, or $1.61 a share, on $4.97 billion.
Related Link: The
Market In 5 Minutes: Big Earnings In Focus And A Tobacco Giant Is Created
On the other hand, Monster Worldwide delivered 13 percent drop in revenue from continuing operations to $144.8 million in the
third quarter. The company suffered a loss from continuing operations of $180.5 million, or a loss per share of $2.03. Adjusted
loss from continuing operations was $4.7 million, or a loss per share of $0.05, in the third quarter.
Outlook
Only Manpower provided outlook for the fourth quarter. The company expects EPS of $1.65–$1.73 for the December quarter. This
included $0.02 a share unfavorable currency impact. Street analysts are looking for an EPS of $1.64.
At Last Check ...
- ManpowerGroup closed Thursday's session at $72.91. In Friday's pre-market, shares were up 4.92 percent at $76.50.
- Monster Worldwide closed Thursday's session at $3.37, but at last check in Friday's pre-market session, the stock was up 1.78
percent to $3.43.
Full ratings
data available on Benzinga Pro.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win
a $20 Amazon gift card!
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.