ManpowerGroup sees Q3 EPS $1.32-$1.42, consensus $1.55

Jonas Prising, ManpowerGroup Chairman & CEO, said, “As we start the third quarter, we have made the decision to wind down our Proservia managed services business in Germany. Although a difficult decision, this outsourcing business is not part of our go-forward strategy and will improve the profitability of our Northern Europe business going forward. We anticipate diluted earnings per share in the Q3 will be between $1.32 and $1.42, which includes an estimated favorable currency impact of 8c. Our guidance excludes expected restructuring costs and the aforementioned Argentina related impact of non-cash currency translation losses.”