Kelly Services soars after financials, PersolKelly share sale
14/02/2022 17:57
** Shares in recruitment company Kelly Services Inc KELYA.O up
19.4% at $20.60 with brisk trading volume after quarterly report
** Stock on track for biggest daily pct gain since Feb. 5,
2010
** KELYA reported Q4 adj. EPS of $0.65 compared with mean
Street expectation for $0.28 rev of $1.25 bln vs consensus view
of $1.3 bln, according to Refinitiv
** Kelly also announced to reduce ownership of PersolKelly
Pte. Ltd., staffing JV between Kelly, Persol, to 2.5% from 49%
with no impact on PersolKelly operations
** Kelly, Persol to discontinue cross-shareholding. Kelly
holds 9,106,800 Persol Holdings shares while Persol owns
1,576,169 shares of Kelly Class A, 1,475 shares Class B.
** Kelly says to sell its Persol shares, buy back Persol's
position in Kelly in transactions expected to be completed
within two business days
** Kelly trading volume 4.5 times 10-DMA according to
Refinitiv, on track for biggest one-day pct gain since Feb 2010
(Reporting By Sinéad Carew)
((sinead.carew@thomsonreuters.com;))