Shares of ManpowerGroup (NYSE: MAN) plummeted 11.51% in pre-market trading on Thursday following the release of the company's first-quarter 2025 earnings report, which fell short of analyst expectations and included weaker-than-anticipated guidance for the second quarter.
The global workforce solutions company reported quarterly earnings of $0.44 per share, significantly missing the analyst consensus estimate of $0.50. This represents a 53.19% decrease compared to earnings of $0.94 per share in the same period last year. While ManpowerGroup's quarterly revenue of $4.09 billion beat analyst estimates of $3.96 billion, it still marked a 7.11% decrease from the $4.40 billion reported in the previous year.
Adding to investor concerns, ManpowerGroup provided softer guidance for the second quarter, anticipating earnings per share between $0.65 and $0.75, which falls well below the analyst consensus of $0.99. The company cited challenging operating conditions in Europe and North America as key factors affecting its performance. ManpowerGroup's Chair and CEO, Jonas Prising, noted, "More recently, the demand outlook is less clear based on increased caution following trade policy developments," highlighting the uncertain economic environment facing the company. Despite these challenges, Prising emphasized that the company saw good growth in Latin America and Asia Pacific during the first quarter.