Korn/Ferry Q4 Results Top Estimates

(RTTNews) - Executive search firm Korn/Ferry International (KFY) reported net income for the fourth quarter of $25.5 million or $0.51 per share, compared to $21.2 million or $0.43 per share for the year-ago quarter.

Excluding items, adjusted earnings for the latest quarter were $25.6 million or $0.51 per share.

Total revenue for the fourth quarter rose to $282.2 million from $260.8 million a year ago. Fee revenue for the quarter grew 8% to $271.8 million from $251.7 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.47 per share on revenue of $260.86 million for the fourth quarter.

Looking forward to the first quarter, the company forecasts fee revenue of $258 million to $270 million and earnings per share of $0.44 to $0.50. Analysts currently expect the company to earn $0.44 per share on revenue of $263.92 million for the first quarter.