Adecco Posts Downbeat Q4 Profit
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.
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