Avondale Partners Downgrades TrueBlue (TBI) to Underperform

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Go back to Avondale Partners Downgrades TrueBlue (TBI) to Underperform

TrueBlue Reports Fiscal 2016 Third Quarter Results

October 19, 2016 4:05 PM EDT

TACOMA, Wash.--(BUSINESS WIRE)-- TrueBlue, Inc. (NYSE: TBI) announced today its fiscal third quarter results for the period ending Sept. 23, 2016.

Revenue for the fiscal third quarter of 2016 was $697 million, an increase of two percent, compared to $684 million for the fiscal third quarter of 2015. Net income was $23 million or $0.56 per diluted share, compared to $20 million or $0.48 per diluted share for the fiscal third quarter of 2015. Adjusted net income* was $30 million or $0.70 per diluted share, compared to $26 million or $0.60 per diluted share for the fiscal third quarter of 2015.

"Our team delivered... More