(RTTNews) - Kelly Services, Inc. (KELYA: News ), a workforce management services and human resources solutions provider, Friday reported a wider loss for the third quarter, hurt by lower service revenues and gross profit margin from all the segments.

The Troy, Michigan-based company's loss from continuing operations for the third quarter widened to $14.8 million or $0.43 per share from $11.5 million or $0.33 per share in the previous year.

Net loss for the quarter was $14.8 million or $0.43 per share, compared to $12.2 million or $0.35 per share last year.

On average, five analysts polled by Thomson Reuters expected the company to report loss of $0.24 per share for the quarter. Analysts' estimates typically exclude one time charges and gains.

Total revenue from services for the quarter declined 24.9% to $1.05 billion from $1.40 billion a year ago. On a constant currency basis, revenue decreased by 22%. Analysts estimated a revenue of $1.02 billion for the third quarter.

Gross profit declined 32.4% to $166.2 million or 15.8% of revenues from $245.7 million or 17.6% of revenues last year.

By segment, revenue from Americas Commercial declined 24.8% to $467.5 million and gross profit declined 29.4% to $67.2 million. Revenue from Americas PT declined 18.2% to $192.1 million while gross profit declined 24.5% to $29.5 million.
EMEA Commercial revenues declined 35.5% to $228.0 million and the segment gross profit was down 46.2% to $33.9 million from last year. EMEA PT revenues declined 17.3% to $36.4 million and gross profit declined 23.8% to $9.8 million a year ago.

Revenue from APAC Commercial declined 16.2% to $71.2 million and gross profit declined 29.6% to $10.3 million last year. Revenue from APAC PT declined 29.7% to $6.5 million from the previous year while gross profit was down 31.6% to $2.0 million. OCG revenues declined 5.4% to $52.9 million from the previous year. OCG gross profit declined 24.7% to $13.7 million from a year ago.

Losses from operations for the third quarter totaled $28.0 million, compared to $14.5 million last year. Results included legal charges of $4.3 million in the third quarter of 2009 and $22.5 million in the third quarter of 2008.

For the nine-month period, net loss narrowed to $96.3 million or $2.76 per share from $102.8 million or $2.95 per share in the same period of the previous year. Revenue from services for the period declined 26.4% to $3.12 billion from $4.24 billion last year.

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