Korn/Ferry International (KFY) announced a first quarter net loss of $14.3 million or $0.33 per share compared to a profit of $15.9 million or $0.36 per share last year. On an adjusted basis, the company would have recorded a loss of $0.05 per share for the quarter.
On average, 7 analysts polled by Thomson Reuters expected the company to incur a loss of $0.06 per share. Analysts' estimates typically exclude special items.
Total revenue for the quarter declined to $123.3 million from $217.5 million last year. Analysts expected $102.62 million.
Looking ahead to the second quarter, the company expects fee revenue will be approximately $110 million to $120 million. Wall Street expects a revenue of $104.66 million.
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