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News / Business / Business Briefs

TrueBlue reports Q3 earnings bump of $24.4M

By Wire reports
Published: November 5, 2018, 5:15pm

TACOMA — TrueBlue Inc. on Monday reported third-quarter earnings of $24.4 million.

On a per-share basis, the Tacoma-based company said it had net income of 61 cents. Earnings, adjusted for one-time gains and costs, came to 79 cents per share.

The blue-collar temporary staffing company posted revenue of $680.4 million in the period.

For the current quarter ending in December, TrueBlue expects its per-share earnings to range from 55 cents to 62 cents.

The company said it expects revenue in the range of $642 million to $659 million for the fiscal fourth quarter.

TrueBlue shares have declined 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $24.37, a decline of 9 percent in the last 12 months.

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