Korn/Ferry Int'l Q2 Adj. Profit Tops View - Quick Facts

(RTTNews) - Korn/Ferry International (KFY) Wednesday reported second-quarter net income of $18.8 million, or $0.38 per share, compared to $1.2 million, or $0.03 per share in the same period last year.

Adjusted earnings for the quarter were $20.0 million, or $0.41 per share, up from $11.8 million, or $0.25 per share in the prior year period. On average, five analysts polled by Thomson Reuters expected the company to earn $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $246.24 million from $204.80 million last year, while four analysts expected revenues of $234.19 million.

Fee revenues improved to $237.97 million from $196.23 million last year.

Looking ahead to the third quarter, the company expects to report earnings in the range of $0.30 to $0.38 per share, with fee revenues in the order of $221 million to $237 million. Analysts currently expect the company to earn $0.34 per share on third-quarter revenues of $233.18 million.