On Assignment Profit Rises

(RTTNews) - On Assignment Inc. (ASGN), a staffing services company, Wednesday reported third-quarter net income of $20 million or $0.37 per share, compared with $16 million or $0.29 per share last year.

Excluding items, adjusted income from continuing operations for the quarter were $29 million or $0.52 per share.

Revenues for the quarter were up 15.4% at $432 million, compared with $375 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.35 per share on revenues of $431.65 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the fourth quarter, On Assignment expects adjusted income of $0.46 to $0.48 per share on revenues of $429 million to $433 million. Analysts expect earnings of $0.33 per share on revenues of $430.15 million.