logo
  

Korn Ferry Q4 Profit Tops Estimates; Fee Revenue Up 33% At Constant Currency

Korn Ferry (KFY) reported fourth quarter adjusted earnings per share of $1.75 compared to $1.21, prior year. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $1.55, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA margin was 20.0% compared to 20.3%, last year.

Net income attributable to Korn Ferry was $91.7 million compared to $66.2 million, last year. Earnings per share was $1.70 compared to $1.21.

The company reported fee revenue of $721.1 million, an increase of 30%, or up 33% on a constant currency basis. Total revenue increased to $727.00 million from $557.39 million. Analysts on average had estimated $680.71 million in revenue.

Korn Ferry projects first quarter fee revenue to be in the range of $680 million and $710 million; and earnings per share to range between $1.35 to $1.51. The company expects adjusted earnings per share to be in the range from $1.42 to $1.58.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Centers for Disease Control and Prevention or CDC director, Rochelle Walensky, has initiated a reorganization of the public health agency noting that it failed to reliably meet expectations during the coronavirus pandemic period, reports said. The proposed changes for a reset in the agency are expected to help it respond quicker to new health threats. While reporting financial results for the second quarter on Thursday, department store chain Kohl's Corp. (KSS) slashed its adjusted earnings and sales growth guidance for the full-year 2022. For fiscal 2022, the company now projects adjusted earnings in a range of $2.80 to $3.20 per share on a net... Apple Inc. is planning to hold a launch event on September 7 to unveil its latest iPhone 14 line, Bloomberg reported citing people with knowledge of the matter. The tech major is also expected to roll out its latest version of three Apple Watch models including Series 8. The new products, which also include multiple new versions of Macs, and low and high-end iPads, are likely to reach stores...
RELATED NEWS
Follow RTT