ManpowerGroup’s earnings fall sharply from a year ago amid weak job recruitment demand in Europe, North America

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Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

ManpowerGroup’s stock MAN, -2.84% was flat in premarket trade Thursday, after the job recruitment company’s third-quarter earnings fell sharply from a year ago amid weak demand in Europe and North America. Milwaukee-based Manpower posted net income of $30.3 million, or 60 cents a share, for the quarter, down sharply from $111.3 million, or $2.13 a share, in the year-earlier period.

699 billion FactSet consensus. “Our third quarter results reflect the challenging operating environment for recruitment and resourcing in North America and Europe,” CEO Jonas Prising said in a statement. “We continued to see solid demand across Latin America and Asia Pacific Middle East. While the current operating environment is difficult for our industry, we are confident in our ability to adjust to the existing reality while being ready to pivot quickly when the situation improves.

 

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