Barrett Business Services IncBarrett Business Services missed EPS significantly, stock fell 21.8%.
Professional staffing and HR solutions stocks reported a strong second quarter, with the seven companies tracked beating revenue consensus estimates by 2.3% on average, though next quarter's revenue guidance came in 2% below expectations. Alight reported revenues of $511 million, down 3.2% year over year, beating estimates by 2.8% but issuing weak guidance that sent its stock down 22.1% to $13.38. ManpowerGroup posted revenues of $4.86 billion, up 7.5% year over year and 2.9% above estimates, with its stock up 44.2% to $56.26. Barrett Business Services reported revenues of $319.3 million, up 3.8% year over year and in line with estimates, but missed EPS significantly and its stock fell 21.8% to $31.39. First Advantage reported revenues of $448.8 million, up 14.9% year over year and 8.2% above estimates, with its stock up 3.1% to $21.20. Robert Half reported revenues of $1.34 billion, down 2.4% year over year but beating estimates by 1%, with its stock up 11.3% to $42.15.
Barrett Business Services IncBarrett Business Services missed EPS significantly, stock fell 21.8%.
First Advantage CorpFirst Advantage beat revenue estimates by 8.2%, stock up 3.1%.
ManpowerGroup IncManpowerGroup beat revenue estimates by 2.9%, stock up 44.2%.
Robert Half International IncRobert Half beat revenue estimates by 1%, stock up 11.3%.
ManpowerGroup Greater China Ltd
Alight IncAlight beat revenue estimates but issued weak guidance, sending stock down 22.1%.