On Assignment Q1 adjusted earnings Beat Estimates

(RTTNews) - On Assignment (ASGN) revealed a profit for its first quarter that rose from last year.

The company's bottom line came in at $29.09 million, or $0.55 per share. This compares with $22.39 million, or $0.42 per share, in last year's first quarter.

Excluding items, On Assignment reported adjusted earnings of $44.05 million or $0.83 per share for the period.

Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.4% to $685.17 million from $626.53 million last year.

On Assignment earnings at a glance:

-Earnings (Q1): $44.05 Mln. vs. $32.23 Mln. last year. -EPS (Q1): $0.83 vs. $0.61 last year. -Analysts Estimate: $0.75 -Revenue (Q1): $685.17 Mln vs. $626.53 Mln last year.