Kelly Services (KELYA) Tops Q4 EPS by 7c, Revenues Miss

Kelly Services (NASDAQ: KELYA) reported Q4 EPS of $0.87, $0.07 better than the analyst estimate of $0.80. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.42 billion.

• Q4 revenue down 0.5%; up 0.6% in constant currency
• Q4 operating earnings up 17% from last year
• Q4 earnings (loss) per share of $(0.62), compared to $0.45 last year or $0.87 compared to $0.80 on an adjusted basis
• Full year 2018 earnings from operations up 5% to $87 million
• Revenue for the fourth quarter of 2018 totaled $1.4 billion

“The company delivered a good quarter and a solid year in a challenging labor market,” said Kelly Services President and Chief Executive Officer George S. Corona. “We are pleased with the flexibility and resourcefulness of our Kelly team members, and with the strategic investments we made in people, products and technology. We are optimistic about 2019, knowing these strategic investments will help us capitalize on the expanding specialty talent solutions markets, where there are abundant opportunities for growth and increased profitability.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Evogene chairman to address dissident shareholders on results call
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c