Korn/Ferry: Fiscal 4Q Earnings Snapshot

Associated Press |

LOS ANGELES (AP) _ Korn/Ferry International (KFY) on Wednesday reported fiscal fourth-quarter profit of $41.2 million.

The Los Angeles-based company said it had profit of 73 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, were 80 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The staffing company posted revenue of $488.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $454.4 million.

For the year, the company reported profit of $133.8 million, or $2.35 per share. Revenue was reported as $1.77 billion.

For the current quarter ending in August, Korn/Ferry expects its per-share earnings to range from 67 cents to 75 cents.

Korn/Ferry shares have increased 37 percent since the beginning of the year. The stock has climbed 69 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KFY at https://www.zacks.com/ap/KFY

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