Korn/Ferry Intl Reports Fiscal Q2 EPS and Sales Beat

Korn/Ferry International reported a fiscal Q2 adjusted earnings of $0.59 per diluted share compared with an income of $0.51 per share a year ago, beating the $0.57 average EPS estimate from analysts polled by Capital IQ.

Total sales, which includes fee revenue, over the three months ended Oct. 31 surged to $415 million from $291.4 million a year ago, coming in above the $391.9-million consensus.

In a statement released early Wednesday, the company said Fiscal Q3 2017 adjusted EPS is expected to be in the range of $0.48 – $0.56. That compares with an average estimate of $0.55. Fee revenue in the quarter is expected to be in the range of $370 million to $390 million.

“After acquiring Hay Group 12 months ago, we’re now a much more diversified, balanced firm — with half of our revenue mix coming from organizational and talent advisory services and the other half from talent acquisition solutions,” said Gary Burnison, CEO, Korn Ferry.

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