TROY, Mich. (AP) — TROY, Mich. (AP) — Kelly Services Inc. (KELYA) on Thursday reported a loss of $5.9 million in its first quarter.
The Troy, Michigan-based company said it had a loss of 17 cents per share. Earnings, adjusted for non-recurring costs, were 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The staffing company posted revenue of $1.04 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $1.02 billion.
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