Korn Ferry Shares Rise on Earnings Beat, Better-Than-Expected Outlook

Dow Jones03-11

By Sarina Isaacs

Shares of Korn Ferry climbed after the consulting firm posted fiscal third-quarter results that surpassed Wall Street views, along with upbeat fourth-quarter guidance.

The stock was up 10% at $69.01 in mid-morning trading on Tuesday. Shares are now up 6% over the past year.

Income attributable to Korn Ferry came to $58.4 million, or $1.10 share, for the quarter ended Jan. 31, compared with $59.1 million, or $1.13 a share, a year earlier.

Adjusted earnings were $1.19 a share, better than analyst expectations for $1.13 a share, according to FactSet.

Revenue ticked down marginally to $676.5 million from $676.9 million, above the $669 million average analyst target. Fee revenue was flat year over year at $668.7 million.

The Los Angeles-based company also said it expects fourth-quarter adjusted earnings at $1.22 to $1.30 per share. Analysts are looking for $1.23 per share. Fee revenue for the quarter is estimated at between $680 million and $700 million.

Write to Sarina Isaacs at sarina.isaacs@wsj.com

(END) Dow Jones Newswires

March 11, 2025 10:15 ET (14:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares are now up 6% over the past year. \n\n\n  Income attributable to Korn Ferry came to $58.4 million, or $1.10 share, for the quarter ended Jan. 31, compared with $59.1 million, or $1.13 a share, a year earlier. \n\n\n  Adjusted earnings were $1.19 a share, better than analyst expectations for $1.13 a share, according to FactSet. \n\n\n  Revenue ticked down marginally to $676.5 million from $676.9 million, above the $669 million average analyst target. Fee revenue was flat year over year at $668.7 million. \n\n\n  The Los Angeles-based company also said it expects fourth-quarter adjusted earnings at $1.22 to $1.30 per share. Analysts are looking for $1.23 per share. 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