Kelly Services: Q3 Earnings Snapshot

TROY, Mich. (AP) _ Kelly Services Inc. (KELYA) on Thursday reported a third-quarter loss of $16.2 million, after reporting a profit in the same period a year earlier.

The Troy, Michigan-based company said it had a loss of 43 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 25 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The staffing company posted revenue of $1.17 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.21 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KELYA at https://www.zacks.com/ap/KELYA

Categories: Business News