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0 -0.00294820717131466 0.0156972111553786 0.00239043824701204 0.018804780876494 0.0262948207171316 0.0188844621513945 0.0278884462151394
Stock impact report

Manpower's stock sinks after profit misses but revenue beats, no guidance given [MarketWatch]

ManpowerGroup (MAN) 
Last manpowergroup earnings: 4/21 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.manpowergroup.com
Company Research Source: MarketWatch
Shares of ManpowerGroup tumbled 7.5% in premarket trading Monday, after the workforce services company reported earnings that missed expectations, although revenue topped forecasts, as the COVID-19 pandemic "significantly disrupted" its clients and demand for services. Net income fell to $1.7 million, or 3 cents a share, from $53.5 million, or 88 cents a share, in the year ago period. Excluding non-recurring items, such as restructuring charges and a pension settlement charge adjusted earnings per share came to 82 cents, below the FactSet consensus of 83 cents. Revenue declined 8.4% to $4.62 billion, but was above the FactSet consensus of $4.33 billion. Gross margin declined to 15.7% from 16.0%. The company said it won't provide second-quarter guidance, as it can't forecast when governments will lift current work restrictions. The stock has tumbled 36.1% over the past three months through Monday, while the S&P 500 has lost 15.0%. Show less Read more
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