Manpower earnings show rise in 4th quarter

MILwauKEE - Quarterly earnings for Manpower Inc. rose 10 percent for the period ending Dec. 31, the staffing industry leader reported.

Net income of $53.5 million for the quarter, or 70 cents per diluted share gained on earnings of $48.7 million, or 63 cents per share, for the same period a year ago.

Revenues for the fourth quarter reached $2.7 billion, a 3 percent increase from a year ago.

"During 2000, we significantly enhanced our market position with the opening of almost 300 new offices and the expansion of specialty services through the acquisition of Elan and the formation of The Empower Group (an organizational performance consulting division)," Manpower CEO Jeffrey Joerres said.

Net income for the year rose 14 percent to $171.2 million on revenues of $10.8 billion, up 11 percent.

Manpower provides work force management services and solutions in 59 countries through 3,685 locations, including its Tupelo office.

New York

Theme parks, movies boost Disney profits

Walt Disney Co.'s theme parks, resorts and movie business helped the entertainment conglomerate boost earnings 23 percent in the first quarter despite more losses at the company's troubled Internet unit.

For the three months ended Dec. 31, Disney earned $341 million, or 16 cents a share, excluding $278 million in charges related to the company's move to new accounting procedures. The result was a penny-per-share better than Wall Street analysts expected. Under the new accounting standards, earnings would have been $278 million, or 13 cents per share, a year earlier.

Excluding the accounting charges and results from the Walt Disney Internet Group, which Disney has decided to dismantle, earnings were 28 cents per share, up from 23 cents in the first quarter of its 2000 fiscal year.

The owner of the Mickey Mouse franchise and the ABC television network reported that overall revenues climbed 7 percent year-over-year in the latest quarter to $7.3 billion.

The Associated Press

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