ASGN Inc: 3Q Earnings Snapshot
CALABASAS, Calif. (AP) _ ASGN Incorporated (ASGN) on Wednesday reported third-quarter profit of $57.4 million.
The Calabasas, California-based company said it had profit of $1.08 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $1.31 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The staffing company posted revenue of $1 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $998.7 million.
For the current quarter ending in December, ASGN Inc expects its per-share earnings to range from $1.20 to $1.26.
The company said it expects revenue in the range of $995 million to $1 billion for the fiscal fourth quarter.
ASGN Inc shares have risen almost 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $59.71, a drop of 6% in the last 12 months.