TrueBlue, Inc. (NYSE:TBI) – Today’s First Hour Active Mover
TrueBlue, Inc. (NYSE:TBI) – TrueBlue, Inc. Issues Q3 2009 Guidance Above Analysts' Estimates; Files Shelf Registration Statement For $100 Million
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TrueBlue, Inc. (NYSE:TBI) announced that for third quarter of 2009, it estimates revenue in the range of $267-$277 million and net income per diluted share (EPS) of $0.10 to $0.15. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.05 on revenue of $253 million for the same period. The Company also announced that it has filed a $100 million Shelf Registration Statement with the Securities and Exchange Commission which, when effective, will allow the Company to sell various securities in amounts and prices determined at the time of sale.
After touching an intraday high of $12.64 in an opening trade, the Stock is currently trading at $12.30 moved up about 36% on over 1.18 million shares. In the last 52-week, the stock has been trading within a range of $5.57-$17.50.
About TrueBlue, Inc.
TrueBlue, Inc. (TrueBlue) is a provider of temporary blue-collar staffing. the Company operates through brands, such as Labor Ready for on-demand, general labor services, Spartan Staffing for light industrial temporary services, CLP Resources (CLP), for skilled construction trade services, PlaneTechs, for skilled aviation services and Transportation Logistics Company (TLC) for professional truck drivers. The Company serves approximately 250,000 small to mid-sized businesses in the construction, warehousing, hospitality, landscaping, transportation, light manufacturing, retail, wholesale, facilities, sanitation, and aviation industries. In February 2008, the Company purchased TLC Services Group, Inc. In April 2008, it acquired Personnel Management, Inc. (PMI). During the fiscal year ended December 26, 2008 (fiscal 2008), the Company put approximately 500,000 people to work through its brands.
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