Kelly Services (KELYA) Misses Q1 EPS by 10c, Beats on Revenues

Kelly Services (NASDAQ: KELYA) reported Q1 EPS of $0.32, $0.10 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.34 billion.

Notwithstanding a tightening labor market across all categories, Corona expressed confidence in Kelly’s direction, stating: “In the first quarter we saw top-line growth, robust growth in fees, and upward momentum in Outcome-Based Services. As our growth in the first quarter was at a slower pace, we are closely monitoring market dynamics to ensure our expenses are in line with our expected revenue and GP growth. We will continue to focus on our strengths, make strategic investments in technology to connect with talent and customers like never before and pursue our strategy with urgency.”

For earnings history and earnings-related data on Kelly Services (KELYA) click here.

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