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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.