TAMPA, Fla., April 29, 2014 (GLOBE NEWSWIRE) -- Kforce Inc. (Nasdaq: KFRC), a provider of professional staffing services and solutions, today announced results for its first quarter of 2014. Revenues for the quarter ended March 31, 2014 were $305.3 million compared to $302.9 million for the quarter ended December 31, 2013, an increase of 0.8%, and compared to $265.6 million for the quarter ended March 31, 2013, an increase of 14.9%. In the quarter ended March 31, 2014, Kforce reported net income of $6.2 million, or $0.19 per share, versus adjusted net income of $9.1 million, or $0.28 per share, which is defined as net income before an $11.9 million pre-tax realignment charge and a $14.5 million pre-tax goodwill impairment charge, for the quarter ended December 31, 2013. On a GAAP basis, Kforce reported a net loss of $8.2 million, or a loss of $0.25 per share, for the quarter ended December 31, 2013. Net income and earnings per share for the first quarter of 2014 increased 102% and 111%, respectively, versus net income of $3.1 million, or $0.09 per share, for the first quarter of 2013.
Kforce Reports Record Revenues Of $305.3 Million And Earnings Of $0.19 Per Share
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