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MPS Earnings Rise

Numbers are in line.

MPS Group

(MPS)

, a provider of staffing, consulting, and business solutions services, said its third-quarter earnings increased 14.92%.

The company earned $19.68 million, or 19 cents a share, in the quarter, compared with $17.12 million, or 16 cents a share, a year ago. Analysts polled by Thomson First Call were expecting earnings of $20.38 million, or 19 cents a share.

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Third-quarter revenue rose 13.14% to $483.08 million as against analysts' expectation of $482.08 million.

Third-quarter gross profit increased 18.06% from year ago to $134.53 million and gross profit margin improved 116 basis from year ago to 27.85%.

"During the third quarter, we were pleased with the overall performance of MPS Group, and particularly with the results generated from Modis, our North American information technology business unit, and Entegee, our engineering staffing unit. The staffs of these business units have done an excellent job of increasing revenue while focusing on profitable accounts and being disciplined with pricing. Demand for our services continues to be strong as employers are eager to hire temporary and permanent professional labor in both the U.S. and Europe," the Jacksonville, Fla.-based company said.

The company's shares were trading down 40 cents, or 2.5%, at 15.73 Thursday.

This story was created through a joint venture between TheStreet.com and IRIS.