On Assignment (ASGN +11.6%) soars after raising guidance and handily beating top and bottom line...

|About: On Assignment, Inc. (ASGN)|By:, SA News Editor

On Assignment (ASGN +11.6%) soars after raising guidance and handily beating top and bottom line estimates. The company now sees Q2 EPS of $0.27-0.29 on revenues of between $410-414M (analysts see $0.26 per share on sales of $401.98M). Gross margins fell to 29.1% from 33.6% but CFO Edward Pierce told BofA's Sara Gubins that ASGN should still hit the lower end of its gross margins range (30.3%) for the full year. The company also said it had not factored in its lower cost of debt in its upbeat Q2 guidance. (transcript)