Kelly Services Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2009. The company reported revenue for the third quarter of 2009 totaled $1.0 billion, a 25% decrease compared to the corresponding quarter in 2008. On a constant currency basis, revenue decreased by 22%. Losses from operations for the third quarter of 2009 totaled $28.0 million, compared to losses from operations of $14.5 million reported for the third quarter of 2008. Diluted losses per share from continuing operations in the third quarter of 2009 were $0.43 compared to third quarter 2008 losses of $0.33 per share. Loss from continuing operations before taxes was $29.6 million against $14.6 million a year ago. Loss from continuing operations was $14.8 million or $0.43 per diluted share against $11.5 million or $0.33 per diluted share a year ago. Net loss was $14.8 million or $0.43 per diluted share against $12.2 million or $0.35 per diluted share a year ago. For the nine months, the company reported revenues of $3,120.7 million against $4,238.2 million a year ago. Loss from operations was $133.1 million against income of $13.4 million a year ago. Loss from continuing operations before taxes was $134.4 million against income of $13.4 million a year ago. Loss from continuing operations was $96.9 million or $2.78 per diluted share against income of $6.9 million or $0.19 per diluted share a year ago. Net loss was $96.3 million or $2.76 per diluted share against $6.5 million or $0.19 per diluted share a year ago. Net cash from operating activities was $40.7 million against $86.4 million a year ago. Capital expenditures were $7.96 million against $23.5 million a year ago. For the quarter, the company reported asset impairments of $0.5 million.

Kelly Services Inc. expected to Report Fiscal Year 2009 Results on January 18, 2010. This event was calculated by Capital IQ (Created on November 6, 2009).

Kelly Services Inc., Q3 2009 Earnings Call, Nov-06 2009