ManpowerGroup reports Q1 adjusted EPS 44c, consensus 50c

Reports Q1 revenue $4.1B, consensus $3.96B. Jonas Prising, ManpowerGroup (MAN) Chair & CEO, said, “During the quarter, we saw good growth in Latin America and Asia Pacific while operating conditions remained challenging in Europe and North America. More recently, the demand outlook is less clear based on increased caution following trade policy developments. In this uncertain environment, we continue to compete well in the market and remain focused on what we can control, staying close to our clients and candidates and adjusting our cost base to market conditions as needed. We anticipate diluted earnings per share in the second quarter will be between $0.65 and $0.75, which includes an estimated favorable currency impact of 3 cents and a 46.5% effective tax rate.”