RTTNews | Feb 2, 2021 08:07AM EST

08:06 Tuesday, February 2, 2021 (RTTNews.com) - ManpowerGroup Inc. (MAN) on Tuesday reported fourth-quarter net earnings of $76.2 million or $1.33 per share, down from $138.8 million or $2.33 per share in the year-ago period.

The latest quarter included restructuring costs which reduced earnings per share by $0.15. Excluding the restructuring costs, adjusted earnings were $1.48 per share.

Revenues for the quarter declined 2.7 percent to $5.05 billion from $5.20 billion last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.13 per share for the quarter on revenues of $4.76 billion. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter, ManpowerGroup forecast earnings per share between $0.64 and $0.72, which includes an estimated favorable currency impact of $0.07. The Street expects the company to report earnings of $0.75 per share.

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