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ASGN Inc: 3Q Earnings Snapshot

October 23, 2019

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASGN at https://www.zacks.com/ap/ASGN