SAN FRANCISCO (Thomson Financial) - On Assignment Inc. late Thursday
reported fourth-quarter net earnings of $2.22 million, or 6 cents a share, below
the 8-cent mean estimate of analysts polled by Thomson Financial.
Net income a year earlier was $6.13 million, or 20 cents a share.
Excluding certain items, adjusted earnings before interest, taxes,
depreciation and amortization was $15.6 million for the fourth quarter of 2007,
compared with $6.4 million for the same period in 2006.
Revenue for the quarter ended Dec. 31 rose 99% to $152 million, above the
$146.6 million Wall Street estimate.
The company sees first-quarter net earnings of 6 cents to 10 cents a share
on revenue of $146.5 million to $149.5 million.
Analysts are currently looking for a per-share profit of 8 cents on revenue
of $147 million.
The Calabasas, Calif.-based staffing company's stock closed the regular
session down 23 cents at $5.03 but rose 14% to $5.75 in after-hours trading.
Brigid Gaffikin
bg/gm
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