Kelly Services forecasts 2Q earnings falling in Street range

Kelly forecast second-quarter earnings from continuing operations between 37 cents and 41 cents per share, compared with 41 cents per share recorded in the year-ago quarter.

The year-ago period included 7 cents per share in restructuring costs and a 7-cent gain from a change to the French payroll tax law.

Analysts polled by Thomson Financial, who typically exclude one-time items from their estimates, on average, forecast profit of 38 cents per share, with estimates ranging from 30 cents to 46 cents per share.

Separately, Kelly said first-quarter profit fell nearly 31 percent amid weakness in the U.S. job market.