ASGN Q1 Adjusted Earnings Fall, Revenue Remains Flat; Shares Plunge
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ASGN reported Q1 non-GAAP net income of $0.69 per diluted share, down from $0.92 a year earlier, missing analysts' expectations of $0.98. Revenue remained flat at $968.3 million, below the expected $972.8 million. For Q2, ASGN anticipates non-GAAP EPS of $0.72 to $0.90 and revenue of $970 million to $1 billion, also falling short of analyst forecasts. Shares dropped nearly 23% in after-hours trading.
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