Brief: Kforce Q1 Earnings Per Share $0.42 From Continuing Operations

Kforce

06/05/2020 23:53

May 6 (Reuters) - Kforce Inc  KFRC.O :
    * KFORCE REPORTS FIRST QUARTER 2020 REVENUE OF $335.2
MILLION AND
EPS OF $0.42 PER SHARE; TECH FLEX YEAR-OVER-YEAR GROWTH OF 3.3%
ON A BILLING DAY BASIS
    * Q1 EARNINGS PER SHARE $0.42 FROM CONTINUING OPERATIONS
    * Q1 REVENUE $335.2 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$327.4 MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $0.37 -- REFINITIV IBES
DATA
    * IMPACT OF CRISIS TO Q1 REVENUES WAS FELT MOST
SIGNIFICANTLY IN
FA FLEX AND DIRECT HIRE BUSINESSES
    * TAKING PRUDENT COST CONTAINMENT MEASURES
    * TEMPORARILY SUSPENDING NEW HIRES
    * ELIMINATING DISCRETIONARY SPEND
    * SELECTIVELY REDUCING SPEND IN OTHER AREAS
    * EXPECT OPERATING CASH FLOWS TO BE STRONG IN Q2
    * WILL NOT BE PROVIDING GUIDANCE FOR Q2

Source text for Eikon:  urn:newsml:reuters.com:*:nGNX5R2hW3
Further company coverage:  KFRC.O 

 ((Reuters.Briefs@thomsonreuters.com;))