Kelly Services-B (KELYB, Financial) experienced a significant stock downturn, dropping 12.04% to $16.36 per share. Despite the sharp decline, trading volume remained low at 287 shares.
The company's recent earnings report revealed revenue of $1.038 billion, with a net profit of $800,000, translating to earnings per share of $0.02. With a gross profit of $222 million, the company maintains a price-to-earnings ratio of 14.10.
Currently, no financial institutions have issued buy, hold, or sell ratings for Kelly Services-B. In the broader personnel services industry, the sector saw an overall decline of 0.70%. Notable gainers in the sector included G.A. Talent, Staffing 360 Solutions, Inc., and Heidrick & Struggles, while active stocks were Staffing 360 Solutions, Inc., Nixxy, Inc., and Kelly Services-A, showcasing varying turnover and volatility figures.
Kelly Services Inc primarily operates in the workforce solutions and staffing services industry. It organizes its business into five segments: Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. The majority of the revenue stems from the Professional & Industrial segment, offering services such as temporary staffing, direct-hire placement, and outcome-based solutions. Their Outsourcing & Consulting Group (OCG) provides comprehensive talent solutions including Managed Service Provider (MSP), Recruitment Process Outsourcing (RPO), and talent advisory services, extending RPO solutions in international markets as well.
