Heidrick & Struggles International Inc. Bottom Line Drops 61% In Q1

(RTTNews) - Heidrick & Struggles International Inc. (HSII) revealed earnings for first quarter that lost ground compared to the same period last year.

The company said its profit dropped to $1.33 million, or $0.07 per share. This was down from $3.43 million, or $0.18 per share, in last year's first quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 13.3% to $134.29 million. This was up from $118.48 million last year.

Heidrick & Struggles International Inc. earnings at a glance:

-Earnings (Q1): $1.33 Mln. vs. $3.43 Mln. last year. -Earnings Decline (Y-o-Y): -61.2% -EPS (Q1): $0.07 vs. $0.18 last year. -EPS Decline (Y-o-Y): -61.1% -Analysts Estimate: $0.22 -Revenue (Q1): $134.29 Mln vs. $118.48 Mln last year. -Revenue Change (Y-o-Y): 13.3%

-Guidance: Next quarter revenue guidance: $145 - $155 Mln