Korn/Ferry International Earnings: Here’s Why Shares are Down 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 2.43%.
Korn/Ferry International Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 19.23% to $0.31 in the quarter versus EPS of $0.26 in the year-earlier quarter.
Revenue: Rose 8.06% to $210.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Korn/Ferry International reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.29. It beat the average revenue estimate of $203.89 million.
Quoting Management: “I am pleased with the results of our fiscal 2013 third quarter, which once again included year over year growth within our broader talent management offerings,” said Gary D. Burnison, CEO of Korn/Ferry International. “Korn/Ferry continues to evolve from finding great people, to finding out ‘who they are,’ to helping companies design, build and develop winning teams through the right combination of talent. As the world continues to evolve, we are at the forefront—agile and committed to defining who we are, one client, one candidate at a time.”
Key Stats (on next page)…