Korn Ferry's Fiscal Q2 Adjusted Earnings Rise, Revenue Falls; Fiscal Q3 Guidance Issued

MT Newswires Live12-05

Korn Ferry (KFY) reported fiscal Q2 adjusted earnings Thursday of $1.21 per diluted share, up from $0.97 a year earlier.

Analysts polled by FactSet expected $1.21.

Revenue for the quarter ended Oct. 31 was $682 million, compared with $712.4 million a year earlier.

The company said it expects fiscal Q3 adjusted earnings of $1.06 to $1.18 per diluted share.

Analysts polled by FactSet expect $1.15.

Fee revenue during the quarter will likely fall in the range of $635 million to $665 million, Korn Ferry said.

Analysts surveyed by FactSet expect $670.6 million.

Korn Ferry also said the board maintained its quarterly dividend at $0.37 per share, payable Jan. 15 to shareholders of record as of Dec. 20.

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