Korn Ferry's Fiscal Q1 Adjusted Earnings Rise, Revenue Falls; Fiscal Q2 Outlook Issued

MT Newswires Live09-05

Korn Ferry (KFY) reported fiscal Q1 adjusted earnings Thursday of $1.18 per diluted share, up from $0.99 a year earlier.

Analysts polled by Capital IQ expected $1.12.

Revenue for the quarter ended July 31 was $682.8 million, compared with $706.3 million a year earlier.

Analysts surveyed by Capital IQ expected $663.8 million.

The company said it expects fiscal Q2 adjusted earnings of $1.14 to $1.26 per diluted share.

Analysts polled by Capital IQ expect $1.20.

Fee revenue during the quarter will likely fall in the range of $655 million to $685 million, Korn Ferry said.

Analysts surveyed by Capital IQ expect $687.8 million.

Korn Ferry said the board maintained its quarterly dividend at $0.37 per share, payable Oct. 15 to shareholders of record as of Sept. 19.

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