AP NEWS

Kforce: 3Q Earnings Snapshot

October 30, 2019 GMT

TAMPA, Fla. (AP) _ Kforce Inc. (KFRC) on Wednesday reported third-quarter earnings of $14.9 million.

On a per-share basis, the Tampa, Florida-based company said it had profit of 64 cents. Earnings, adjusted to account for discontinued operations, were 68 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The staffing company posted revenue of $345.6 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $340.4 million.

For the current quarter ending in December, Kforce said it expects revenue in the range of $336 million to $341 million.

Kforce shares have risen 29% since the beginning of the year. The stock has increased 17% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KFRC at https://www.zacks.com/ap/KFRC