On Assignment Beats Expectations

This is a corrected version of an earlier article. On Assignment Inc. on Wednesday announced first quarter earnings that beat analysts’ expectations. The Calabasas staffing company reported adjusted earnings equal to 66 cents a share. Analysts on average had expected earnings of 60 cents. The company reported its net revenue increased almost 18 percent to $582 million. Analysts expected revenue of $553 million, according to Thomson Financial Network. For its second quarter ending in July, the company anticipates earnings to range between 76 and 79 cents a share. As for revenue, the company expects approximately $597 million. On Assignment shares on Thursday closed up $2.64, or less than 8 percent, to $36.86 on the New York Stock Exchange.