On Assignment Profit Rises 61% In Q1

(RTTNews) - On Assignment (ASGN) announced earnings for its first quarter that climbed compared to the same period last year.

The company said its bottom line rose to $35.42 million, or $0.66 per share. This was higher than $22.05 million, or $0.42 per share, in last year's first quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 35.3% to $582.04 million. This was up from $430.05 million last year.

On Assignment earnings at a glance:

-Earnings (Q1): $35.42 Mln. vs. $22.05 Mln. last year. -Earnings Growth (Y-o-Y): 60.6% -EPS (Q1): $0.66 vs. $0.42 last year. -EPS Growth (Y-o-Y): 57.1% -Analysts Estimate: $0.60 -Revenue (Q1): $582.04 Mln vs. $430.05 Mln last year. -Revenue Change (Y-o-Y): 35.3%

-Guidance: Next quarter EPS guidance: $0.76 to $0.79 Next quarter revenue guidance: $592 - $602.0 Mln