Adecco third-quarter revenue drops as slowdown weighs

Christophe Bosset | Bloomberg | Getty Images

Adecco Group said "challenging market conditions in Europe and the U.S." were weighing on the temporary staffing company's results as it reported a 2% drop in third-quarter revenue.

Revenue fell to 5.89 billion euros ($6.55 billion), the company said on Tuesday, just missing expectations for 5.92 billion, according to Refinitiv data. When adjusted for trading days and currency movements, the Swiss company's revenue fell 4%.

Tough conditions continued at the start of the fourth quarter, Adecco said, with revenues down 4% when adjusted for trading days and currencies in September and October.

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