(RTTNews) - Kelly Services, Inc. (KELYA, KELYB), a global staffing and recruitment company, reported it slipped to loss in the third quarter compared to last year.
In the pre-market activity, shares are trading 14.20 percent down, at $9.79 on the Nasdaq.
The firm reported net loss of $150.1 million from a net profit $0.3 million for the comparable third quarter period.
For the three-month period, loss per share was $4.26 from earnings per share of $0.02 a year ago.
Analysts on average had expected the company to earn $0.41 per share.
Kelly's operating loss was $102.1 million from a profit $2.6 million the earlier year.
For the reported period, adjusted EBITDA was $16.5 million, lower than $26.2 million the prior-year quarter.
The company's revenue from services came in at $935 million, 9.9% lower than $1.04 billion last year.
Analysts were looking for revenue of $1.02 billion.
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