Kelly Services (KELYA) Tops Q3 EPS by 18c, Revenue Miss

Kelly Services (NASDAQ: KELYA) reported Q3 EPS of $0.56, $0.18 better than the analyst estimate of $0.38. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion.

• Q3 revenue up 1.0%; up 1.9% in constant currency
• Q3 operating earnings up 21% from last year
• Q3 earnings per share of $0.84, or $0.56 on an adjusted basis, compared to $0.58 last year

“The company performed well in the third quarter despite the continuing tight labor market,” said Kelly Services President and CEO George S. Corona. “Our teams are working on new and innovative ways to close the labor supply gap and we are taking the actions necessary to deliver on the bottom line while continuing to invest in technology for our future. Given the current economic environment we will carefully manage our business with a focus on adding value to our clients and improving our profitability,” he said.

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

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