Revenues increased by 7.5 percent to $4.86 billion from $4.52 billion year-on-year. <\/p>\n
ManpowerGroup Inc. (NYSE:MAN) said that the current period includes the sale of its Jefferson Wells US business, strategic transformation program costs, restructuring costs, and a discontinued business liquidation charge, which, in aggregate, positively impacted earnings per share by $0.14. <\/p>\n
Excluding the said items, EPS stood at $0.99, representing a 27 percent jump in constant currency in the second quarter of the year. <\/p>\n
Financial results were also positively impacted by a stronger US dollar versus its peers. <\/p>\n
On a constant currency basis, revenues increased by 6 percent compared with the same comparable period. <\/p>\n
“In the\u2004second\u2004quarter we\u2004delivered\u2004strong\u2004results\u2004with\u2004revenues\u2004ahead of\u2004expectations. Results reflect good execution across our brands and markets, continued cost discipline and improving\u2004demand,” said ManpowerGroup Inc. (NYSE:MAN) Chairman and CEO Jonas Prising. <\/p>\n
Upbeat for Q3 <\/p>\n
Management outlook added to investor enthusiasm. <\/p>\n
Looking ahead, ManpowerGroup Inc. (NYSE:MAN) said that it was optimistic about growing its\u00a0 EPS for the third quarter of the year to a range of 152 percent to 179 percent, to $0.96 $1.06, from only $0.38 year-on-year, even after accounting for an unfavorable impact of 2 cents and a 44 percent effective tax rate. <\/p>\n
Lower Hedge Fund Participation <\/p>\n
Insider Monkey data showed that hedge fund participation edged lower in the first quarter of the year to 36 from 37 the quarter earlier. <\/p>\n
However, the decline in participation was offset by higher participation from existing institutional investors. <\/p>\n
In the same period, the 36 funds collectively owned $352.7 million worth of shares in ManpowerGroup Inc. (NYSE:MAN), versus only $262 million in the prior quarter. <\/p>\n
The jump could indicate that existing institutional investors are seeing additional upside as improving labor demand, stronger execution, and operating leverage support the company’s earnings recovery. <\/p>\n","protected":false},"excerpt":{"rendered":"ManpowerGroup saw its share prices climb to a four-year high on Thursday, after the global staffing company delivered…\n","protected":false},"author":2,"featured_media":545486,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,85,46,6744],"class_list":["post-545485","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-il","tag-israel","tag-manpowergroup"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/545485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=545485"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/545485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/545486"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=545485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=545485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=545485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}