TrueBlue slumps after second-quarter results

Trueblue

24/07/2023 21:46

** Shares of workforce solutions provider TrueBlue Inc
 TBI.N  down 20.78% at $14.49 after the bell
    ** Adjusted net income falls to $5.38 mln, or 17 cents per
share, for the quarter ended June 25, from $27.26 mln, or 82
cents per share
    ** Analysts on average had expected Q2 net income of 23
cents per share - Refinitiv
    ** "Our results reflect an environment of softening demand,"
TBI says
    ** As of last close, shares of TBI had fallen 6.59% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))