Kelly Services Q3 Results Miss Estimates

RTTNews | 876 days ago
Kelly Services Q3 Results Miss Estimates

(RTTNews) - Specialty talent solutions provider Kelly Services, Inc. (KELYA, KELYB) reported Thursday that its net income for the second quarter plunged to $2.2 million or $0.06 per share from $24.0 million or $0.60 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.45 per share, compared to $0.49 per share in the year-ago quarter.

Revenue from services for the quarter edged up 0.7 percent to $1.27 billion from $1.26 billion in the same quarter last year. It was up 2.7 percent in constant currency.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share on revenues of $1.28 billion for the quarter. Analysts' estimates typically exclude special items.

Kelly also reported that its board of directors declared a dividend of $0.075 per share, payable on September 7, 2022 to stockholders of record as of the close of business on August 24, 2022.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a positive start, Swiss stocks retreated and moved along the flat line right till the end of the day's trading session on Friday, as investors, returning to the market after New Year holidays, refrained from making significant moves.
RTTNews | 8h 6min ago
European Stocks Close Weak After Cautious Session

European Stocks Close Weak After Cautious Session

European stocks closed weak on Friday, retreating after scoring strong gains on the first session of Year 2024. Losses in automobile, luxury and travel sectors weighed on the markets on a day when investors largely stayed cautious, looking for directional clues.
RTTNews | 8h 27min ago
U.S. Manufacturing Index Indicates Modestly Slower Contraction In December

U.S. Manufacturing Index Indicates Modestly Slower Contraction In December

Manufacturing activity in the U.S. contracted at a slower rate in the month of December, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI inched up to 49.3 in December from 48.4 in November, although a reading below 50 still indicates contraction. Economists had expected the index to come in unchanged.
RTTNews | 11h 7min ago
Tesla Stock Hit On First Decline In Annual Deliveries

Tesla Stock Hit On First Decline In Annual Deliveries

Shares of Tesla, Inc. fell around 6.1 percent on Thursday's regular trading after the luxury electric vehicle maker reported a decline in annual deliveries for the first time. The company also reported weak production in the year and in the fourth quarter, while quarterly sales were higher. On the Nasdaq, Tesla stock moved 1.1 percent higher in the extended trading on Thursday.
RTTNews | 12h 59min ago
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Friday morning, and may move in a tight range during much of the day's trading session as investors await directional clues. Jobs data from Canada and the U.S., due during the later part of next week, may provide some clues about the interest rate moves of the Bank of Canada and the Federal Reserve.
RTTNews | 13h 55min ago