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TAMPA -- Two weeks before the scheduled release of its third quarter performance metrics, Kforce Inc. (symbol: KFRC) says it is prepared to announce revenues 5% higher than it expected in August.
On Aug. 2, Kforce officials set a floor for its third quarter revenues at $276 million. This week, it has revised that number to $283 million. Its earnings per share expectation was also revised upward, from 17 cents per share to 22 cents.
The news pushed Kforce's stock price up more than 11% from its previous close at one point early Friday, to a per share price of more than $12. Unfortunately, that price is still well below its July high of nearly $15 per share -- a value achieved just before the company issued its original guidance for third quarter performance.
In its last completed quarter, Kforce generated $274 million in revenues. The professional staffing services firm operates 63 offices throughout the U.S., as well as one location in the Philippines.
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