MPS Group Earnings Rise

They are ahead of estimates.

Author:: TSC and IRIS Staff
Publish date:: Feb 8, 2006 11:06 AM EST

MPS Group

(MPS)

, a leading provider of specialty staffing, consulting and business solutions, said fourth-quarter earnings rose 77% from a year ago, helped by higher demand for finance, legal and accounting professionals.

The company earned $20 million, or 19 cents a share, compared with $11.3 million, or 11 cents a share, a year ago. Analysts polled by Thomson First Call were expecting earnings of $16.68 million, or 16 cents a share.

Fourth-quarter revenue surged 1% from the year-ago quarter to $425.2 million. Analysts were estimating revenue of $430.89 million in the fourth quarter.

Including 1 cent of stock option expense, the company estimates earnings of 13 cents to 16 cents a share on revenue of $420 million to $435 million for first quarter 2006. Analysts estimate stand at 13 cents a share on revenue $434.41 million.

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