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ASGN Inc: 1Q Earnings Snapshot

CALABASAS, Calif. (AP) _ ASGN Incorporated (ASGN) on Thursday reported first-quarter net income of $43.8 million.

The Calabasas, California-based company said it had profit of 82 cents per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.08 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.

The staffing company posted revenue of $990.5 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $945.5 million.

ASGN Inc shares have declined 34% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $46.53, a decline of 27% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASGN at https://www.zacks.com/ap/ASGN