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Kelly Services Q1 adjusted earnings Miss Estimates

Kelly Services (KELYB) revealed earnings for its first quarter that climbed from last year.

The company's earnings came in at $29.1 million, or $0.74 per share. This compares with $12.2 million, or $0.31 per share, in last year's first quarter.

Excluding items, Kelly Services reported adjusted earnings of $12.7 million or $0.32 per share for the period.

Analysts had expected the company to earn $0.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.2% to $1.37 billion from $1.29 billion last year.

Kelly Services earnings at a glance:

-Earnings (Q1): $12.7 Mln. vs. $13.9 Mln. last year.
-EPS (Q1): $0.32 vs. $0.35 last year.
-Analysts Estimate: $0.42
-Revenue (Q1): $1.37 Bln vs. $1.29 Bln last year.

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