ASGN shares slip as Q2 forecast, Q1 results disappoint

Everforth

27/04/2023 17:27

** Provider of IT services ASGN Inc's shares  ASGN.N  down
7.2% at $69.2, hit over two-and-half years low
    ** Co forecasts Q2 adj. profit in range of $1.41-$1.56 per
shr, whose median is below Refinitiv IBES estimate of $1.55
    ** Co's Q2 rev forecast range median is also below analysts'
estimate of $1,139 mln
    ** Posts Q1 results below estimates
    ** BofA Global Research cuts rating to "underperform" from
"buy" and PT to $66 from $109
    ** ASGN shares down 15% YTD

 (Reporting by Vedant Vinayak Vichare in Bengaluru)
 ((vedant.vinayakvichare@thomsonreuters.com))