* Q2 EPS $0.18 vs $0.09 a year ago
* Sees Q3 EPS $0.15-$0.20
* Sees Q3 rev $295-$305 mln, below Street view
July 22 TrueBlue Inc (TBI.N), provider of
temporary blue-collar staffing, posted better-than-expected
quarterly results helped by cost control measures, but forecast
a weak third quarter.
"Our revenue growth combined with our continued ability to
successfully manage costs resulted in substantial profit
growth," Chief Executive Steve Cooper said.
For the second quarter, net income doubled to $7.9 million,
or 18 cents per share. The results included an income tax
benefit of 3 cents a share.
Revenue was up 15 percent to $285 million, TrueBlue said.
Analysts were expecting the company to post earnings of 7
cents per share, on revenue of $274.16 million, according to
Thomson Reuters I/B/E/S.
The company said it closed eight branches in the quarter,
resulting in a current total of 739 operational branches.
The company, which operates brands such as Labor Ready and
Spartan Staffing, forecast third-quarter earnings between 15
cents and 20 cents a share. Analysts were expecting 19 cents
per share for period.
TrueBlue sees revenue of $295 million to $305 million for
the third-quarter, lower than analysts' estimates of $315.64
Shares of the Tacoma, Washington-based company closed at
$11.08 Wednesday on the New York Stock Exchange.
(Reporting by Siddharth Cavale in Bangalore; Editing by