Staffing company Kelly Services (KELB) announced that profit and revenue dropped during the third quarter as weak economic conditions and a tough job market persisted. Net income was $16.6 million, or 43 cents per share, versus $197 million, or 52 cents per share, in the same period last year. Revenue was lower by 4 percent to $1.35 billion.
Shares are flat in afternoon trading.
Last month, competitor ManpowerGroup (NYSE:MAN) reported that earnings per diluted share for the three months ended September 30, 2012 were 79 cents compared to 97 cents in the prior year period.
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