Kforce Inc. (KFRC) Raises Quarterly Guidance

Kforce Inc. (Nasdaq: KFRC) today announced that it will likely exceed both prior revenues and earnings per share guidance issued on August 2, 2011 of revenues in the $276 million to $283 million range and earnings per share in the range of $0.17 to $0.19.

The street is forecasting EPS of $0.18 with $279.37 million in revenue for the quarter.

David L. Dunkel, Chairman and Chief Executive Officer, commented, "We are very pleased that the quarter progressed better than we had anticipated, and it now appears that revenues may approximate $289 million and earnings per share may approximate $0.22 per share. In addition, the Firm repurchased 4.6 million shares in the third quarter, which represented 10.8% of shares outstanding as of June 30, 2011. We look forward to further discussing our results on our November 1st conference call."

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Arena Group to rename as Paradium.AI, ticker changing to PAAI
• Investing.com’s stocks of the week