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MPS Group Guidance

MPS Group Guidance

MPS Group Inc. says that it expects earnings to be break even in the second quarter, on revenue between $380 million to $420 million.

Still, the company indicated that the worst might be over. "As we enter the second quarter, we are somewhat encouraged that sales activity appears to be improving slightly versus the fourth quarter of last year," said company Chief Executive Timothy Payne in a statement.

The guidance came as Jacksonville, Fla.-based MPS said first quarter profit fell 92% to $1.6 million, from $19.1 million, a year ago, while revenue dropped 24%.

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