Kforce (KFRC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Kforce (KFRC) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.40. The company posted revenue of $335.00 million in the period, compared to analysts expectations of $334.81 million. The company’s revenue was down -.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Kforce closed down -0.21 points or -1.16% at $17.86 with 5,59,969 shares getting traded on Friday. Post opening the session at $18.19, the shares hit an intraday low of $17.51 and an intraday high of $18.19 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 10, 2016, Jeffrey T. Neal (Chief Marketing Officer) sold 5,666 shares at $19.29 per share price. According to the SEC, on Jun 9, 2016, Robert William Edmund (GC & Chief Compliance Officer) sold 835 shares at $19.36 per share price. On Jun 7, 2016, Kye L. Mitchell (Chief Operations Officer) sold 5,000 shares at $19.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Kforce Inc. (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates in three segments: Technology Finance and Accounting and Government Solutions. The Company operates the Technology segment through its wholly owned subsidiary Kforce Global Solutions Inc. The Technology segment offers temporary staffing and permanent placement services primarily in the areas of IT. The Finance and Accounting segment provides temporary staffing and permanent placement services in the areas of general accounting and related areas. The Government Solutions segment offers technology and finance and accounting professionals to the Federal Government. The Company offers various Staffing Services that consist of temporary staffing services (Flex) and permanent placement services (Search).


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