NEW YORK (Thomson Financial) - Kelly Services Inc. Monday said third-quarter
earnings from continuing operations fell 11% to $14.7 million, or 40 cents a
share.
Third-quarter revenue totaled $1.43 billion, a 2% increase from year-ago
revenue of $1.4 billion.
The mean estimate of analysts polled by Thomson Financial was for earnings
of 43 cents a share and revenue of $1.44 billion in the third quarter.
The company provided fourth-quarter guidance for earnings of 46 cents to 50
cents a share. The fourth-quarter guidance excludes planned restructuring costs,
which are expected to affect earnings at a cost of 1 cent a share.
The global staffing company anticipates fiscal 2007 earnings of $1.61 to
$1.66 a share.
The mean estimate of analysts polled by Thomson Financial is for
fourth-quarter earnings of 49 cents a share on revenue of $1.48 billion and
fiscal 2007 earnings of $1.56 a share on revenue of $5.68 billion.
The Troy, Mich.-based company Monday announced plans to acquire Access AG, a
recruiting process outsourcing firm with operations in Germany and Austria.
The stock closed Monday at $20.81.
Melinda Peer
mp/pc
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