ManpowerGroup shares surged to a four-year high after the global staffing company reported better-than-expected second-quarter results. The stock reached an intraday record of $53 before closing up 32.37 percent at $51.65. The company swung to a net income of $53.5 million from a net loss of $67.1 million a year earlier, while revenues rose 7.5 percent to $4.86 billion. Excluding one-time items, earnings per share came in at $0.99, a 27 percent constant-currency increase. Management also issued an upbeat third-quarter outlook, projecting earnings per share between $0.96 and $1.06, up from $0.38 in the prior-year period.
ManpowerGroup IncManpowerGroup reported better-than-expected Q2 results with swing to profit, revenue growth, and upbeat Q3 outlook.
ManpowerGroup Greater China Ltd
Western Alliance Bancorporation