Kelly Services (KELYA) Releases Earnings Results, Beats Expectations By $0.01 EPS

Kelly Services (KELYA) reported quarterly earnings results on Wednesday, May-11-2016. The company said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.28. The company posted revenue of $1349.00 million in the period, compared to analysts expectations of $1354.05 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Kelly Services. Kelly Services was Downgraded by Northcoast to ” Neutral” on Apr 21, 2016.

Kelly Services opened for trading at $18.4 and hit $18.68 on the upside on Tuesday, eventually ending the session at $18.39, with a gain of 0.66% or 0.12 points. The heightened volatility saw the trading volume jump to 98,866 shares. Company has a market cap of $699 M.

In a different news, on Nov 13, 2015, George S Corona (Executive VP & COO) sold 13,973 shares at $16.75 per share price.

Kelly Services Inc. (Kelly) is a global workforce solutions provider. The Company operates as a staffing provider which offers an array of specialty services. The Company places professional and technical employees at various levels in engineering information technology (IT) science law and healthcare. It provides workforce solutions in three regions: the Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company operates in seven business segments: Americas Commercial Americas Professional and Technical (Americas PT) EMEA Commercial EMEA Professional and Technical (EMEA PT) APAC Commercial APAC Professional and Technical (APAC PT) and Outsourcing and Consulting Group (OCG). It also offers services in office education contact center light industrial and electronic assembly staffing. Kelly offers a range of outsourcing and consulting services as well as staffing on a temporary temporary-to-hire and direct placement basis.

Kelly Services

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