On Assignment Q2 Profit Rises; Issues Q3 Outlook - Quick Facts

(RTTNews) - On Assignment Inc. (ASGN), a staffing services company, Wednesday reported second-quarter net income of $20.8 million or $0.38 per share, compared with $7.3 million or $0.14 per share in the comparable quarter last year.

Excluding items, adjusted income from continuing operations for the quarter were $22.0 million or $0.40 per share, up from $16.8 million or $0.31 per share in the prior year period.

Revenues for the quarter were $468.62 million, compared with $407.86 million in the prior year.

On average, eleven analysts polled by Thomson Reuters estimated earnings of $0.52 per share on revenues of $470.96 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the third quarter, On Assignment expects income from continuing operations of $0.40 per share to $0.41 per share, adjusted income from continuing operations of $0.55 to $0.57 per share and revenues of $479.0 million to $483.0 million. Analysts currently expect earnings of $0.59 per share on revenues of $492.48 million.