Korn/Ferry International Inc Q1 Profit Increases, but misses estimates

Korn/Ferry International Inc (KFY) announced a profit for its first quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $77.2M, or $1.45 per share. This compares with $74.8M, or $1.37 per share, in last year's first quarter.

Excluding items, Korn/Ferry International Inc reported adjusted earnings of $80 million or $1.50 per share for the period.

Analysts on average had expected the company to earn $1.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.6% to $703.1M from $588.1M last year.

Korn/Ferry International Inc earnings at a glance (GAAP) :

-Earnings (Q1): $77.2M. vs. $74.8M. last year.
-EPS (Q1): $1.45 vs. $1.37 last year.
-Analyst Estimate: $1.51
-Revenue (Q1): $703.1M vs. $588.1M last year.

Next quarter EPS guidance: $1.34 to $1.50

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