Kelly Services Earnings Slide
Shares of Troy, Mich.-based Kelly Services slid 3.2% in Wednesday trading, despite the company reporting Q2 2013 earnings that matched analyst expectations for earnings and exceeding expectations for revenue.
Kelly's $1.4 billion in revenues were basically flat against the year-ago quarter. Earnings, however, were down 35% against Q2 2012 profits at $0.26 per diluted share. Kelly noted that if adjusted to exclude the effects of onetime charges, earnings were also basically flat against the year-ago quarter at $0.33 in Q2 2013 vs. $0.34 in Q2 2012.
Company CEO Carl T. Camden pronounced himself "pleased" with the company's performance "given the uneven and generally subpar global economic growth."
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