On Assignment Q1 Adj. Profit Tops View; Issues Q2 Outlook - Quick Facts

(RTTNews) - On Assignment Inc. (ASGN), a staffing services company, Wednesday reported first-quarter net income of $13.9 million or $0.25 per share, compared with $24.6 million or $0.46 per share last year.

Excluding items, adjusted income from continuing operations for the quarter were $14.5 million or $0.26 per share, up from $10.6 million or $0.20 per share in the comparable quarter last year.

Revenues for the quarter were $439.27 million, compared with $379.04 million in the prior year.

On average, eleven analysts polled by Thomson Reuters estimated earnings of $0.25 per share on revenues of $436.15 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter, On Assignment expects income from continuing operations of $0.35 per share to $0.37 per share, adjusted income from continuing operations of $0.51 to $0.52 per share and revenues of $469.0 million to $472.0 million. Analysts currently expect earnings of $0.39 per share on revenues of $470.36 million.