Here’s Why Time Warner, Everyday Health, Proofpoint, and More Are On the Move

Proofpoint Inc (NASDAQ:PFPT) shares are 10% in the green after the company reported third-quarter EPS of $0.19 on revenue of $99.8 million. Those numbers beat the Street’s estimates by $0.14 and $5.53 million, respectively. Billings jumped by 47% year-over-year and sales rose by 44.3% as the combination of strong demand, high competitive win rates, and consistent high renewal rates powered Proofpoint’s top-line. In terms of guidance, the company expects adjusted EPS of $0.10-to-$0.14, billings of $133.5 million-to-$135.5 million, and revenue of between $103 million and $105 million for the fourth quarter. The number of funds that we track with holdings in Proofpoint Inc (NASDAQ:PFPT) fell by two during the second quarter to 20 at the end of June.

ManpowerGroup Inc. (NYSE:MAN) has jumped by 7% after the company reported strong third-quarter earnings. For the period, Manpower earned $1.87 per share, beating the consensus estimate by $0.16. Revenue came in at $5.09 billion, up by 2.4% year-over-year and $100 million ahead of expectations.

“We executed well in the third quarter despite continued soft and uneven market conditions globally. This slow growth environment results in our services and solutions becoming increasingly more attractive to companies that need operational and strategic flexibility. We have seen this translate into continued strong growth in our permanent recruitment and market leading workforce solutions offerings. As we look to the fourth quarter we are well placed to seize further opportunities across all our brands,” CEO Jonas Prising said.

As for outlook, the company anticipates fourth quarter EPS to be in the range of $1.65-to-$1.73. According to our data, 24 funds that we track owned $428.08 million in ManpowerGroup Inc. (NYSE:MAN) holdings on June 30, down from 27 funds with $628.81 million in positions on March 31.

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