ManpowerGroup stock drops toward 6-month low after earnings miss, as employers are hiring more selectively

Shares of ManpowerGroup MAN slumped 4.4% toward a six-month low in premarket trading Thursday, after the headhunter reported first-quarter results that fell short of expectations and provided a downbeat outlook, citing a “challenging operating environment in the U.S. and Europe.” Net income fell to $77.8 million, or $1.51 a share, from $91.6 million, or $1.68 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.61 missed the FactSet consensus of $1.63.

4% toward a six-month low in premarket trading Thursday, after the headhunter reported first-quarter results that fell short of expectations and provided a downbeat outlook, citing a “challenging operating environment in the U.S. and Europe.” Net income fell to $77.8 million, or $1.51 a share, from $91.6 million, or $1.68 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.61 missed the FactSet consensus of $1.63. Revenue declined 7.6% to $4.

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