Kforce Swings To Profit In Q4; Guides Q1 - Quick Facts

Kforce Inc. (KFRC) posted fourth quarter net income of $3.5 million or $0.09 per share, compared to a loss of $108.0 million or $2.81 per share in the same quarter last year.

Net income before items was $4.1 million or $0.10 per share, compared to $7.8 million or $0.20 per share in the previous year period.

On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.08 per share. Analysts' estimates typically exclude special items.

Revenue for the quarter was $224.6 million, compared to $241.0 million in the prior year period. Six Wall Street analysts expected revenues of $219.56 million.

Looking forward to the first quarter of 2010, the company expects revenue in the $224.0 million to $232.0 million range, and earnings per share in the range of $0.04 to $0.07.

Street analysts expect earnings of $0.07 per share on revenues of $222.21 million.

by RTTNews Staff Writer

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