Press Release Archive
FT. LAUDERDALE, Fla.,
Based on information through the first two months of the quarter, the Company’s results were negatively impacted primarily by greater than expected seasonal declines in revenue. Spherion now estimates that revenue for the first quarter of 2002 will be between $530 million and $540 million and related earnings (loss) per share will be between ($0.05) and ($0.08), excluding the charge related to the adoption of FAS 142. Spherion expects to announce its first quarter results on
Cinda A. Hallman, president and CEO of Spherion commented, “Despite recent economic reports that seem to indicate the economy may be strengthening, it is apparent to us that clients do not feel comfortable that their businesses have improved enough to require additional staff. Although, I am disappointed that our results will not reach our previous range of guidance, our business transformation is progressing and we remain strongly committed to this effort.”
In addition, the Company provided details about its upcoming Annual Meeting of Stockholders. The meeting will be held at eastern time on
This release contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. Factors that could cause future results to differ from current expectations include risks associated with the Company’s ability to implement its new corporate strategy, acquisitions, competition, changing market and economic conditions, currency fluctuations and additional factors discussed in this release and in Spherion’s filings with the Securities and Exchange Commission. The Company’s actual results may differ materially from any projections contained in this release.