UPDATE: ManpowerGroup Posts 50% Rise In Q3 Profit, Issues Upbeat Forecast

ManpowerGroup

reported a 50% rise in its third-quarter earnings. For the current quarter, the company expects earnings of $1.18 to $1.26 per share, versus analysts' estimates of $1.16 per share. Manpower's quarterly profit surged to $94.7 million, or $1.18 per share, from $63.1 million, or $0.79 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $1.26 per share. In July, ManpowerGroup expected earnings of $1.02 to $1.10 per share. Revenue from services rose 0.3% to $5.19 billion, versus analysts' estimates of $5.1 billion. ManpowerGroup shares surged 4.12% to $82.62 in pre-market trading.