Korn/Ferry gains 10% on Q1 earnings that topped Street estimates
Shares of Korn/Ferry International (NYSE:KFY) climbed nearly 10% this morning on the news that the company had beat Wall Street estimates for its fiscal first quarter earnings by $0.06 a share.
The Los Angeles, Calif.-based staffing firm said before the bell this morning that it earned $15.9 million, or $0.36 per share, for the quarter ended July 31, compared with $17.1 million, or $0.36 per share, in the prior year quarter.
Analysts polled by Thomson First Call had on average estimated the company to report earnings per share of $0.30.
By mid-morning, the stock is at $19.11, up $1.69 from Mondayʼs close. Shares have ranged between $13.10 and $20.75 during the past 52 weeks.
For detailed price information and news stories on Korn/Ferry, click KFY.
