UPDATE: On Assignment Posts Upbeat Q4 Profit, Issues Strong Q1 Forecast

On Assignment Inc ASGN posted upbeat fourth-quarter results and expects a strong first quarter. On Assignment projects a Q1 profit of $0.14 to $0.17 per share, on revenue of $162 million to $165 million. However, analysts were expecting earnings of $0.12 per share on revenue of $154.3 million. On Assignment posted its quarterly net income at $7.5 million, or $0.20 per share, versus a year-ago loss of $13.7 million, or $0.38 per share. Its revenue came in at $161.8 million. However, analysts were estimating a profit of $0.16 per share, on revenue of $158.1 million. On Assignment shares closed at $11.94 yesterday.