Korn/Ferry Int'l Q1 Profit Rises - Quick Facts

(RTTNews) - Korn/Ferry International (KFY) Thursday reported first-quarter profit of $11.42 million or $0.24 per share, up from $10.42 million or $0.22 per share in the same period last year.

Adjusted earnings for the quarter was $16.0 million or $0.33 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $237.59 million from $196.02 million last year. Analysts expected revenues of $225.0 million.

Fee revenues improved to $228.44 million from $186.69 million last year.

Looking ahead to the second quarter, the company expects to report earnings in the range of $0.32 to $0.38 per share, with fee revenues in the order of $225 million to $237 million. Analysts currently expect the company to earn $0.31 per share on second-quarter revenues of $225.35 million.