Talent recruiter Korn/Ferry International (KFY) Monday reported fourth-quarter net income of $12.2 million, compared to $12.0 million in the prior year period. Earnings per share for the latest fourth quarter were $0.25, same as last year.
Adjusted net income for the quarter rose to $15.6 million or $0.32 per share from $13.3 million or $0.28 per share last year. On average, five analysts polled by Thomson Reuters expected earnings of $0.31 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenue for the quarter grew to $238.6 million from $207.6 million in the comparable quarter last year. Fee revenue rose to $227.9 million from $198.1 million in the year-ago period. Analysts estimated revenues of $223.58 million for the quarter.
Looking forward to the first quarter, the company expects earnings of $0.19 to $0.27 per share, adjusted earnings of $0.26 to $0.32 per share and fee revenues of $215 million to $227 million. Analysts currently estimate earnings of $0.28 per share and revenues of $217.47 million for the quarter.
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