On Assignment Profit Advances 12% In Q1

(RTTNews) - On Assignment (ASGN) announced earnings for its first quarter that increased from last year.

The company said its bottom line advanced to $32.23 million, or $0.61 per share. This was up from $28.85 million, or $0.54 per share, in last year's first quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.6% to $626.53 million. This was up from $582.04 million last year.

On Assignment earnings at a glance:

-Earnings (Q1): $32.23 Mln. vs. $28.85 Mln. last year. -Earnings Growth (Y-o-Y): 11.7% -EPS (Q1): $0.61 vs. $0.54 last year. -EPS Growth (Y-o-Y): 13.0% -Analysts Estimate: $0.57 -Revenue (Q1): $626.53 Mln vs. $582.04 Mln last year. -Revenue Change (Y-o-Y): 7.6%

-Guidance: Next quarter EPS guidance: $0.70to $0.73