Korn Ferry Exceeds Q3 Revenue Estimates, Issues Upbeat Q4 EPS Guidance
KFY is trading near its 52-week low of $58.95 (7.9% above the low).
Summary
Korn Ferry reported strong third-quarter results, significantly exceeding revenue estimates. The company posted Q3 revenue of $725 million, surpassing the IBES estimate of $695.1 million, and reported basic EPS of $1.25. Furthermore, Korn Ferry provided an optimistic outlook for the fourth quarter, projecting EPS between $1.34 and $1.40. This positive financial performance and guidance are likely to be viewed favorably by investors, suggesting robust operational execution and a healthy demand environment for its consulting services. This earnings report provides new, material information distinct from the recent dividend increase and board expansion.
At the time of this announcement, KFY was trading at $63.60 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $58.95 to $78.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.