Shares in On Assignment Inc. plunged more than 25 percent Friday after the company reported gains in revenues and profit but missed Wall Street estimates.

On Assignment reported third quarter net income of $3.3 million, (9 cents per share) a 22 percent increase over $2.7 million (10 cents) from the same period a year earlier but below Reuters estimates of 11 cents per share.

Revenues for the Calabasas-based staffing firm rose 96 percent to $149 million, but were also below estimates of $151 million.

The company also forecasted fourth-quarter revenue of $147 million to $148 million which missed Wall Street’s estimates of $152 million.

Shares plummeted 25 percent, or $2.09, to $6.23 in early trading Friday, hitting a new 52-week low along the way.