Korn Ferry Falls On Lower Guidance

Korn Ferry KFY on Thursday afternoon reported fourth-quarter earnings of 88 cents per share, which met the analyst consensus estimate. This is a 10% increase over earnings of 8 cents per share from the same period last year.

The company reported quarterly sales of $502.5 million, which beat the analyst consensus estimate of $499.45 million. This is a 2.89% increase over sales of $488.364 million the same period last year.

The company sees first-quarter EPS of 73 cents-81 cents versus an 80 cent estimate, and sees sales of $466 million-$486 million versus a $492.78 million estimate.

Korn Ferry shares were trading lower by 7.7% at $44.77 in Friday's pre-market session.

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