TrueBlue Reports Third Quarter Results
TrueBlue News Release (10/23/13)
TrueBlue Inc. reported revenue of $451 million in the third quarter of 2013, up 19% from $379 million in last year’s third quarter. It also reported net income of $19 million, up 33% from $14.3 million in the third quarter of 2012.
“This quarter’s results reflect the successful execution of our growth strategies, which include blending strong organic growth with acquisitions that increase our share of the blue collar job market,” TrueBlue’s chief executive officer, Steve Cooper, said. “In addition to the strong organic revenue growth we have achieved so far this year, the acquisitions we closed in 2013 will add approximately $300 million of go-forward annual revenue.”
On Assignment Reports Third Quarter Results
On Assignment Inc. News Release (10/23/13)
On Assignment Inc. reported revenues of $432.2 million in the third quarter of 2013, up 15.4% from $374.5 million in the third quarter of 2012. Its net income was $20.2 million, up 30.3% from $15.5 million in the year-ago quarter.
The company also reported revenues of $246.4 million for its Apex business, up 21.6% from $202.7 million; $100 million for its Oxford business, up 13.6% from $88 million; $44.1 million for its life sciences segment, up 8.6% from $40.6 million; $26.2 million for its physician segment, down 4.7% from $27.5 million; and $15.5 million for its health care segment, down 0.6% from $15.6 million.
More Americans Than Forecast Filed Jobless Claims
Bloomberg (10/24/13) Michelle Jamrisko
More Americans filed for unemployment claims last week than was forecasted. Jobless claims dropped by 12,000 to 350,000 in the week ended Oct. 19, according to the U.S. Department of Labor. Economists surveyed by Bloomberg had predicted a drop to 340,000. The less volatile four-week moving average of claims increased to 348,250 from 337,500.
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