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Kelly Services Sees Profit Rise

Third-quarter earnings beat the average analyst estimate by 4 cents a share.

Kelly Services

(KELYA) - Get Kelly Services, Inc. Class A Report

, a staffing services provider, said Tuesday its third-quarter earnings rose 40.6% from the year-ago period, led by higher revenue in its international segment.

The Troy, Mich.-based company earned $17.8 million, or 49 cents a share, in the quarter, compared with $12.7 million, or 35 cents a share, a year ago. Analysts surveyed by Thomson Financial were expecting earnings of 45 cents a share in the most recent quarter.

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Third-quarter revenue rose 5.5% from the year-ago period to $1.42 billion, slightly beating analysts' expectations of $1.45 billion.

The company expects to earn 46 cents to 51 cents a share in the fourth quarter and $1.54 to $1.59 a share for the full year. Analysts are expecting earnings of 54 cents a share in the fourth quarter and $1.57 a share in the full year.

By segment, third-quarter revenue from U.S. commercial staffing rose 1% from a year ago to $625.2 million. Revenue from professional, technical and staffing alternatives segment rose 0.9% to $287.6 million. Revenue from international segment rose 14.9% to $506 million.

The company's shares were up 80 cents, or 2.8%, at $29.79 in recent trading Tuesday.

This story was created through a joint venture between TheStreet.com and IRIS.