TrueBlue misses results estimates as hiring remains weak, shares fall

Trueblue

23/10/2023 23:25

** TrueBlue shares  TBI.N  drop nearly 16% to $11.50 in
extended trading after the recruitment services firm missed Q3
results expectations 
    ** TBI posts Q3 revenue of $473.2 mln, below LSEG estimate
of $488.9 mln
    ** Reports adjusted earnings of 16 cents per share, below
estimate of 24 cents
    ** "While the operating environment remains soft, we are
starting to see signs of potential stabilization in the demand
trends for certain parts of our business," says CEO Taryn Owen
    ** TBI shares down ~30% YTD

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))