Manpower (MAN) - Get Report, an employment services provider, said Tuesday its earnings for the third quarter rose 31.8% from a year ago, helped by better European results and favorable foreign currency exchange.
The company earned $100.6 million, or $1.16 a share, in the quarter, compared with $76.3 million, or 87 cents a share, a year ago. The results were boosted by a 4 cents a share benefit from favorable currency impact. Analysts polled by Thomson First Call were expecting earnings of $1.03 a share in the most recent quarter.
Third-quarter revenue rose 12.1% from a year ago to $4.64 billion. Analysts were expecting revenue of $4.61 billion for the quarter.
Manpower sees fourth-quarter earnings of $1.14 to $1.18 a share, including a favorable currency impact of 4 cents a share. Analysts polled by Thomson First Call were expecting earnings of $1.06 a share.
"Revenue continues to be stable throughout many of the major geographies. Our European operations, minus France, led the way with a revenue increase in constant currency of 14% over third quarter of 2005," the company said. "Fast growing countries include the Netherlands, Nordics, Italy, China, India and all of Eastern Europe."
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