Kelly Services Q2 Adj $0.71 Up From $0.36 YoY, Sales $1.06B Down From $1.22B YoY
Portfolio Pulse from Benzinga Newsdesk
Kelly Services (NASDAQ:KELYB) reported Q2 earnings of $0.71 per share, a 97.22% increase from $0.36 per share YoY. However, sales decreased by 13.06% to $1.06 billion from $1.22 billion YoY.
August 08, 2024 | 11:38 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Kelly Services reported a significant increase in Q2 earnings per share to $0.71, up 97.22% YoY, but experienced a 13.06% decline in sales to $1.06 billion.
The significant increase in earnings per share is a positive indicator for profitability, but the decline in sales may raise concerns about revenue growth. The mixed results could lead to neutral short-term price movement as investors weigh the positive earnings against the negative sales trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100