UPDATE 1-TrueBlue posts Q1 loss, sees Q2 below Street view

* Q1 loss/shr of $0.12 vs est loss/shr of $0.17

* Sees Q2 below market expectations

* Closes 40 branches in Q1

April 22 (Reuters) - TrueBlue Inc (TBI.N), a provider of temporary blue-collar workers, posted a narrower-than-expected quarterly loss, but forecast second-quarter results well below Wall Street estimates.

For the second quarter, TrueBlue expects to post a loss of 2 cents a share to 8 cents a share, on revenue of $225 million to $235 million.

Analysts on average had expected the company to earn 4 cents a share, before special items, on revenue of $263.2 million for the period, according to Reuters Estimates.

For the first quarter, the company posted a net loss of $5.3 million, or 12 cents a share, compared with net income of $8.8 million, or 20 cents a share, a year ago.

Revenue fell 31 percent to $224.4 million.

Analysts were expecting a loss of 17 cents a share on revenue of $222.0 million.