TrueBlue Q1 Adjusted Profit Beats Expectations

TrueBlue (TBI), a staffing and recruitment firm, reported late Monday Q1 adjusted net profit of $0.31 per share, up from $0.21 per share in the prior year period and higher than the $0.22 per share Street estimate provided by Capital IQ.

Revenue for the quarter ended April 1 was $554.4 million, down from $568.2 million reported for the comparable period last year and short of the $570.4 million Street estimate.

For fiscal Q2, the company expects adjusted net income of $0.47 to $0.53 per share on revenue of $585 million to $600 million. The Street estimate calls for earnings of $0.51 per share on revenue of $590 million.

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