Kelly Services Inc.'s (KELYA, KELYB) fourth-quarter net loss narrowed significantly to $8.2 million or $0.23 per share from $88.7 million or $2.55 per share a year ago.
Earnings from continuing operations, excluding restructuring and asset impairment charges, net of taxes, stood at $1.9 million or $0.05 per share versus a loss of $7.7 million or $0.22 per share last year.
On average, 5 analysts polled by Thomson Reuters expected loss per share of $0.23 for the quarter. Analysts' estimate typically excludes one-time items.
The company's revenue for the fourth quarter of 2009 totaled $1.19 billion, a 6.6% decrease from $1.28 billion in the corresponding quarter in 2008. Two analysts estimated revenues of $1.04 billion for the quarter.
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