ManpowerGroup (NYSE: MAN) saw its shares plummet 11.51% in intraday trading on Thursday following the release of its first-quarter 2025 earnings report, which fell short of analyst expectations and provided weak guidance for the upcoming quarter.

The global workforce solutions company reported quarterly earnings of $0.44 per share, missing the analyst consensus estimate of $0.50 by 12%. This represents a significant 53.19% decrease from earnings of $0.94 per share in the same period last year. While ManpowerGroup's quarterly sales of $4.09 billion beat the analyst consensus estimate of $3.96 billion by 3.28%, it still marked a 7.11% decrease compared to the previous year's sales of $4.40 billion.

Adding to investor concerns, ManpowerGroup provided softer-than-expected guidance for the second quarter, anticipating earnings per share between $0.65 and $0.75. This forecast falls considerably below analysts' expectations of $0.98 per share. The company cited challenging operating conditions in Europe and North America as key factors affecting its performance. ManpowerGroup's CEO, Jonas Prising, noted that while the company saw good growth in Latin America and Asia Pacific, the demand outlook has become less clear due to increased caution following recent trade policy developments. In response to these challenges, the company stated it remains focused on adjusting its cost base to market conditions as needed.