U.S. Markets open in 3 hrs 43 mins

ASGN Inc: 2Q Earnings Snapshot

CALABASAS, Calif. (AP) _ ASGN Incorporated (ASGN) on Wednesday reported second-quarter profit of $43.1 million.

The Calabasas, California-based company said it had net income of 81 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.10 per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The staffing company posted revenue of $972.3 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $972 million.

For the current quarter ending in October, ASGN Inc expects its per-share earnings to range from $1.20 to $1.26.

The company said it expects revenue in the range of $993 million to $1 billion for the fiscal third quarter.

ASGN Inc shares have climbed 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $64.31, a decrease of 23% 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