UPDATE: Kelly Services Reports Surge In Q2 Profit

Kelly Services Inc KELYA reported a rise in its second-quarter profit. Kelly reported its quarterly profit at $18.8 million, or $0.50 per share, up from $3.9 million, or $0.11 per share, in the year-ago period. Excluding a loss from discontinued operations, Kelly's earnings came in at $0.53 per share. Its revenue surged 16% to $1.41 billion. However, analysts were expecting a profit of $0.29 per share on revenue of $1.38 billion. Kelly shares jumped 7.81% to close at $13.53 yesterday.