Brief: Kforce Announced Estimated Impact Of New U.S. Tax Law On Q4 2017 Guidance

Kforce

29/12/2017 12:30

Dec 29 (Reuters) - Kforce Inc  KFRC.O : 
    * KFORCE INC. ANNOUNCED ESTIMATED IMPACT OF NEW U.S. TAX LAW 
ON 
FOURTH QUARTER 2017 GUIDANCE 
    * KFORCE INC - EXPECTS TO RECORD A ONE-TIME, NON-CASH CHARGE 
IN Q4 
OF 2017 AS A RESULT OF RECENTLY ENACTED TAX CUTS AND JOBS ACT 
    * KFORCE INC- SEES NEGATIVE IMPACT TO NET INCOME IN Q4 FROM 
REVALUATION BETWEEN $6 MILLION TO $7 MILLION, OR ABOUT $0.24 TO 
$0.28 PER SHARE 
    * KFORCE - ESTIMATE CO'S EFFECTIVE INCOME TAX RATE WILL BE 
IN 
RANGE OF 25.5% TO 27.5% FOR 2018 COMPARED TO ABOUT 38.0% FOR 
2017 
    * KFORCE INC - ONE-TIME CHARGE DUE TO TAX CUTS AND JOBS ACT 
RESULTS SOLELY FROM REVALUATION OF NET DEFERRED INCOME TAX 
ASSETS AS OF DEC. 31, 2017 
 
Source text for Eikon:  ID:nGNXOKGJUa  
Further company coverage:  KFRC.O  
 
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