Workforce solutions provider ManpowerGroup (MAN) reported fourth-quarter net earnings of $117.2 million, up from $101.2 million a year earlier. Earnings per share for the quarter were $1.47, compared to $1.25 in the prior year period.
Included in the prior year fourth quarter results is a restructuring charge related to simplification and cost recalibration plan of $26.5 million. There were no restructuring charges in the current year quarter. Fourth quarter results were unfavorably impacted by $0.13 per share as foreign currencies were relatively weaker compared to the prior year.
Revenues for the latest fourth quarter were $5.12 billion, down 2 percent from $5.25 billion in the comparable quarter last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.43 per share and revenues of $5.11 billion for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to the first quarter of 2015, the company anticipates earnings per share to be in the range of $0.73 to $0.81, which includes an estimated unfavorable currency impact of 15 cents. Analysts project first-quarter earnings of $0.86 per share.
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