Korn/Ferry International Earnings: Everything You Must Know Now
Korn/Ferry International (NYSE:KFY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
Korn/Ferry International Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.29% to $0.32 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 14.95% to $238.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Korn/Ferry International reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.31. It beat the average revenue estimate of $223.58 million.
Quoting Management: “I am pleased with our strategic progress and operating results for the fourth quarter, which includes accelerating the integration of our recent acquisitions as well as further diversifying and differentiating our Company. In the fourth quarter, Korn/Ferry’s broader talent management offerings accounted for 40% of fee revenue which reflects the Company’s transformation as a talent management consultancy,” said Gary D. Burnison, CEO of Korn/Ferry International. “As global companies fight for growth and relevancy in this decade, talent will be the differentiator – Korn/Ferry is the bridge between a client’s business and talent strategy – delivering solutions that help our clients with the design, building and attraction of that talent.”
Key Stats (on next page)…