RemedyTemp Warns of Disappointing Quarter

RemedyTemp Inc. saw its stock fall 15% after it warned its fiscal third-quarter profit won’t meet estimates because of disappointing sales. Aliso Viejo-based RemedyTemp, which provides temporary staffing services, was expected to earn 50 cents a share in the quarter ending July 2, the average estimate by First Call/Thomson Financial. The company said sales rose 5.5% in April and May, less than it expected. Chief Executive Paul Mikos said delays in several projects contributed to the “probable shortfall” for the quarter. The company is scheduled to release results July 25. RemedyTemp shares dropped $2.31 to close at $13.06 on Nasdaq.