Stock Watch: Downgrade Sinks Kforce

Kforce.com (Nasdaq: KFRC) fell 2 3/8 to 4 9/16 Thursday after Dain Rauscher Wessels downgraded the stock to neutral from buy, reportedly because of an expected earnings shortfall.

Competitor Labor Ready, Inc. (NYSE: LRW) also fell, after it said its second quarter earnings will be below analysts’ expectations. Labor Ready said net income will be 4 to 6 cents per share, against analysts’ forecast of 15 cents. The stock dropped 1 to 6 7/8.

Kforce, a Web-based specialty staffing firm, reported a first quarter net loss of five cents a share, against a profit of 20 cents in the year-earlier quarter.

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