ManpowerGroup Reports Q3 EPS & Sales Above Street Views; Mid-Point of Q4 EPS Guidance Above Estimate

ManpowerGroup (MAN) shares rose after the company reported a Q3 adjusted earnings of $1.87 per share compared with an income of $1.61 per share a year ago, handily beating the $1.72 average estimate from analysts polled by Capital IQ.

Sales over the three months that ended Sept. 30 rose to $5.09 billion from $4.97 billion a year ago, coming in comfortably above the $4.99-billion consensus.

The company expects Q4 diluted net earnings per share to be in the range of $1.65 to $1.73, which includes an estimated unfavorable currency impact of 2 cents, the company said in a statement. That compares with an Street estimate of $1.63.

A “slow growth environment results in our services and solutions becoming increasingly more attractive to companies that need operational and strategic flexibility,” Jonas Prising, the chairman of ManpowerGroup, said. “As we look to the fourth quarter we are well placed to seize further opportunities across all our brands.”

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