Korn/Ferry Q3 Profit Rises - Quick Facts

(RTTNews) - Korn/Ferry International (KFY) Thursday reported third-quarter net income of $21.3 million, or $0.43 per share, compared to $9.5 million, or $0.20 per share in the same period last year.

Adjusted earnings for the quarter were $21.3 million, or $0.43 per share, up from $15.0 million, or $0.31 per share in the prior year period. On average, five analysts polled by Thomson Reuters expected the company to earn $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $250.94 million from $210.27 million last year, while four analysts expected revenues of $229.23 million.

Fee revenues improved to $242.18 million from $202.00 million last year.

Looking ahead to the fourth quarter, the company expects to report earnings in the range of $0.35 to $0.41 per share, with fee revenues in the order of $240 million to $250 million. Analysts currently expect the company to earn $0.37 per share on fourth-quarter revenues of $240.98 million.