Heidrick & Struggles International Inc. Q1 Earnings Retreat 51%

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

The company said its earnings fell to $0.65 million, or $0.03 per share. This was down from $1.33 million, or $0.07 per share, in last year's first quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.4% to $144.18 million. This was up from $134.29 million last year.

Heidrick & Struggles International Inc. earnings at a glance:

-Earnings (Q1): $0.65 Mln. vs. $1.33 Mln. last year. -Earnings Decline (Y-o-Y): -51.1% -EPS (Q1): $0.03 vs. $0.07 last year. -EPS Decline (Y-o-Y): -57.1% -Analysts Estimate: $0.21 -Revenue (Q1): $144.18 Mln vs. $134.29 Mln last year. -Revenue Change (Y-o-Y): 7.4%

-Guidance: Next quarter revenue guidance: $153 - $163 Mln