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Kelly Services Q2 Profit Decreases, misses estimates

Kelly Services (KELYB) reported a profit for second quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $2.2 million, or $0.06 per share. This compares with $24.0 million, or $0.60 per share, in last year's second quarter.

Excluding items, Kelly Services reported adjusted earnings of $17.4 million or $0.45 per share for the period.

Analysts on average had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.8% to $1.27 billion from $1.26 billion last year.

Kelly Services earnings at a glance (GAAP) :

-Earnings (Q2): $2.2 Mln. vs. $24.0 Mln. last year.
-EPS (Q2): $0.06 vs. $0.60 last year.
-Analyst Estimates: $0.51
-Revenue (Q2): $1.27 Bln vs. $1.26 Bln last year.

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