ASGN Inc. (ASGN) has reported its first quarter profit which, while decreased compared to last year's figures, exceeded street estimates.
The company's earnings for the quarter totalled $38.1 million or $0.81 per share, a decrease from last year's first quarter earnings of $49.5 million or $0.99 per share.
On adjusting for specific items, ASGN Inc. reported earnings of $54.6 million or $1.16 per share for the quarter. According to compiled figures by Thomson Reuters, analysts had on average estimated the company to earn $1.11 per share, a prediction that usually doesn't account for special items.
ASGN Inc. saw a 7.1% drop in their revenue for the quarter. It decreased to $1.05 billion from $1.13 billion last year.
To provide a summary of the earnings as per the Generally Accepted Accounting Principles (GAAP):
- Earnings for Q1: $38.1 million, down from $49.5 million last year.
- Earnings Per Share for Q1: $0.81, down from $0.99 last year.
- Revenue for Q1: $1.05 billion, down from $1.13 billion last year.
In terms of guidance for the next quarter, EPS is expected to be between $0.97 and $1.04, and revenue is projected to be between $1.03 and $1.05 billion.
