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On Assignment beats Street 1Q forecasts

CALABASAS, Calif. (AP) _ On Assignment Inc. (ASGN) on Wednesday reported first-quarter earnings of $22.4 million.

The Calabasas, California-based company said it had net income of 42 cents per share. Earnings, adjusted for one-time gains and costs, were 61 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The staffing company posted revenue of $626.5 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $620 million.

On Assignment shares have increased 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $49.49, a climb of 35 percent in the last 12 months.

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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

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Keywords: On Assignment, Earnings Report