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Kelly Services reports earnings for fourth quarter

TROY, Mich. — Kelly Services Inc. (KELYA) on Thursday reported fourth-quarter net income of $23.4 million.

The Troy, Michigan-based company said it had profit of 59 cents per share. Earnings, adjusted for non-recurring gains, were 41 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The staffing company posted revenue of $1.24 billion in the period.

For the year, the company reported a loss of $72 million, or $1.83 per share, swinging to a loss in the period. Revenue was reported as $4.52 billion.

Kelly Services shares have increased roughly 1% since the beginning of the year. The stock has climbed 8% in the last 12 months.

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