Manpower is doing bad and good, at the same time?
Are you keeping up with the staffing firm - Manpower? I just read two articles that had me a bit confused. The first article said that their earning took a dive, a 19% drive. To quote Forbes…
Staffing firm Manpower Inc. said Friday that fourth-quarter earnings fell 19 percent from the comparable period in 2006 when results were boosted by now-discontinued operations.
Fourth-quarter earnings fell to $133.1 million, or $1.63 per share, from $164.4 million, or $1.90 per share, in the prior-year period. In the year-ago period, Manpower (nyse: MAN - news - people )’s results were boosted by the company’s Nordic facilities management services unit, which was later sold.
Then I read in Canadian Business, that Manpower was forecasting growth.
Staffing firm Manpower Inc. forecast first-quarter earnings growth on Friday, with the high end of the company’s projected earnings range meeting Wall Street forecasts.
Manpower expects first-quarter earnings per share of 78 to 82 cents, compared with 69 cents per share in the first quarter of 2006. Manpower noted that the forecast is boosted by the expected impact of stronger foreign currency.
So which is it? Can someone explain this to me?
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Hey, don’t feel bad. I’m confused over what they’ve written in their annual report. They wrote that they match your 401k. I am a Manpower Associate and will tell you first hand, that they do not match your 401k. Can you explain that to me?