Korn/Ferry Int'l Q4 Adj. Profit Tops View; Issues Q1 Outlook - Quick Facts

(RTTNews) - Korn/Ferry International (KFY) Monday reported fourth-quarter net income of $21.2 million, or $0.43 per share, compared to $12.2 million, or $0.25 per share in the comparable quarter last year.

Adjusted earnings for the quarter were $21.2 million, or $0.43 per share, up from $15.6 million, or $0.32 per share in the prior year period. On average, five analysts polled by Thomson Reuters expected the company to earn $0.39 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $260.80 million from $238.61 million last year, while two analysts expected revenues of $244.61 million.

Fee revenues improved to $251.71 million from $227.90 million last year.

Looking ahead to the first quarter, the company expects to report earnings in the range of $0.29 to $0.37 per share, adjusted earnings in the range of $0.37 per share to $0.43 per share and fee revenues in the order of $240 million to $250 million. Analysts currently expect the company to earn $0.40 per share on first-quarter revenues of $244.02 million.