TrueBlue Posts Q1 Profit

(RTTNews) - TrueBlue, Inc. (TBI) Tuesday reported first-quarter profit of $1.7 million or $0.04 per share, compared to a loss of $1.1 million or $0.03 per share in the same period last year.

On average, eight analysts polled by Thomson Reuters expected the company to earn $0.03 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 14 percent to $396 million from $346 million last year. Analysts expected revenues of $403.20 million.

Looking ahead to the second quarter, TrueBlue has forecast earnings in the range of $0.33 to $0.38 per share, with revenues ranging between $458 million and $468 million.

Analysts currently expect the company to earn $0.37 per share on second-quarter revenues of $472.71 million.