India, Aug. 7 -- Talent solutions provider Kelly Services, Inc. (KELYA,KELYB) reported that net earnings for the second quarter surged to $19.0 million or $0.52 per share from $4.6 million or $0.12 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $0.54 per share, compared to $0.71 per share in the year-ago quarter.
Revenues for the quarter grew 4.2 percent to $1.10 billion from $1.06 billion in the same quarter. It was down 3.3 percent on an organic basis.
Looking ahead to the third quarter, the company expects year-over-year revenue decline of 5 to 7 percent, driven by reduced demand for U.S. federal contractors and from certain large customers.
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