Kelly Services Q1 Profit Decreases, Misses Estimates

(RTTNews) - Kelly Services (KELYB) revealed a profit for first quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $5.8 million, or $0.16 per share. This compares with $25.8 million, or $0.70 per share, last year.

Excluding items, Kelly Services reported adjusted earnings of $14.3 million or $0.39 per share for the period.

Analysts on average had expected the company to earn $0.52 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 11.4% to $1.164 billion from $1.045 billion last year.

Kelly Services earnings at a glance (GAAP) :

-Earnings: $5.8 Mln. vs. $25.8 Mln. last year. -EPS: $0.16 vs. $0.70 last year. -Revenue: $1.164 Bln vs. $1.045 Bln last year.