TROY, Mich. (AP) — TROY, Mich. (AP) — Kelly Services Inc. (KELYA) on Thursday reported fourth-quarter net income of $11.4 million.
On a per-share basis, the Troy, Michigan-based company said it had profit of 31 cents. Earnings, adjusted for non-recurring costs and pretax expenses, were 93 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The staffing company posted revenue of $1.23 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.22 billion.
For the year, the company reported profit of $36.4 million, or 98 cents per share. Revenue was reported as $4.84 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KELYA at https://www.zacks.com/ap/KELYA