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Adecco Posts Downbeat Q4 Profit

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Adecco SA (OTC: AHEXY) reported weaker-than-expected fourth-quarter profit.

Adecco's quarterly net profit fell to EUR 35million, from EUR133 million in the year-ago period.

Its revenue declined to EUR 5.03 billion from EUR5.19 billion. However, analysts were expecting a net profit of EUR86 million on revenue of EUR5.01 billion.

Adecco shares closed at $28.85 yesterday.

Posted-In: profitEarnings News

 

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