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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of staffing company Kforce (Nasdaq: KFRC ) fell as much as 10% today, after reporting earnings.
So what: Revenue rose slightly, to $270 million, and net income rose nearly 50%, to $9.3 million, or $0.26 per share. The bottom line beat estimates by $0.02, but top-line results were a little disappointing, and investors pushed the stock lower on concerns over growth.
Now what: The report wasn't all that bad today, and guidance was in line with estimates, so I wouldn't panic sell today. Shares are trading at under 11 times forward estimates, and the company expects to perform up to those results. If the economy picks up at all, the company should benefit and, with profits growing, the stock has room to move higher.
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