ManpowerGroup Posts Q3 EPS of $0.71
MAN has more than doubled off its 52-week low of $25.15.
Summary
ManpowerGroup reported third-quarter EPS of $0.71 and revenue of $4.84B, with adjusted EPS of USD 1.01 versus the IBES estimate of USD 1.01. This is its first hard earnings figure since the Q2 print on August 7 that showed $53.5M in net earnings, helped by the Jefferson Wells sale. With the stock at $51 and a market cap near $2.4B, the quarterly print is material to the earnings story but not thesis-changing without the full release. The company is also in the middle of a leadership transition, with Becky Frankiewicz named CEO effective January and Jonas Prising moving to executive chair, announced earlier today. Watch the full Q3 release and any updated guidance for the real read on the quarter.
At the time of this announcement, MAN was trading at $51.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $25.15 to $63.88. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.