ManpowerGroup Q3 Profit Soars; Guides Q4 EPS - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Tuesday, workforce solutions provider ManpowerGroup, Inc. (MAN) said it expects earnings for the fourth quarter to be in the range of $1.99 to $2.07, which includes an estimated unfavorable currency impact of $0.04.

The guidance also includes an estimated impact from the ettain group acquisition of $0.13, but excludes acquisition transaction and integration costs.

For the third quarter, the company reported net earnings of $97.7 million or $1.80 per share, sharply higher than $10.3 million or $0.18 per share in the prior-year quarter.

Excluding the restructuring charges and acquisition costs, adjusted earnings for the quarter were $1.93 per share.

Revenues for the quarter grew 12.1 percent to $5.14 billion from $4.58 billion in the same quarter last year. Revenues were up 11 percent in constant currency.