Kforce Fourth Quarter Earnings Exceed Expectations

Kforce Inc. (KFRC) reported fourth-quarter results on February 6. Fourth quarter revenue increased 3.7% from the previous quarter and 5.1% from the fourth quarter in the previous year. Kforce is a provider of professional staffing services and solutions.

Sonal received the news and alerted subscribers at 4:01 pm. The next trade took place at 4:22 pm for $24.15. Kforce opened for regular market trading the next morning at $24.10 and had small gains throughout the course of the day. The stock price continued to trend higher on the news over the next five trading sessions. Kforce closed at $27.30 on February 15 for a gain of over 13% in the week after the event.

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