Kelly Services: Q1 Earnings Snapshot
TROY, Mich. (AP) _ Kelly Services Inc. (KELYA) on Thursday reported first-quarter net income of $25.6 million, after reporting a loss in the same period a year earlier.
The Troy, Michigan-based company said it had profit of 64 cents per share. Earnings, adjusted for non-recurring gains, came to 12 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The staffing company posted revenue of $1.21 billion in the period.
Kelly Services shares have risen 22% since the beginning of the year. The stock has more than doubled in the last 12 months.