ManpowerGroup reports Q2 adjusted EPS $1.30, consensus $1.28

Reports Q2 revenue $4.5B, consensus $4.52B. CEO Jonas Prising said, “Employers in North America and Europe continue to remain cautious. Permanent recruitment activity softened slightly further from the previous quarter, while staffing and solutions activity remained relatively stable across most of our large markets. We continue to prioritize the execution of our strategic initiatives and driving sales activities while balancing costs to align with the current operating environment. We anticipate diluted EPS in Q3 will be between $1.25 and $1.35, which includes an estimated unfavorable currency impact of 5c. Our guidance excludes any restructuring costs and any Argentina related impact of non-cash currency translation losses.”