Brief: Korn Ferry Announces Second Quarter Fiscal 2023 Results Of Operations

Korn Ferry

08/12/2022 13:15

Dec 8 (Reuters) - Korn Ferry  KFY.N :
    * ANNOUNCES SECOND QUARTER FISCAL 2023 RESULTS OF OPERATIONS
    * Q2 EARNINGS PER SHARE $1.38
    * Q2 ADJUSTED EARNINGS PER SHARE $1.43
    * KORN FERRY REPORTS FEE REVENUE OF $727.8 MILLION IN Q2
FY'23, AN
INCREASE OF 14%
    * Q2 EARNINGS PER SHARE VIEW $1.41 -- REFINITIV IBES DATA
    * QTRLY TOTAL REVENUE $735.7 MILLION VERSUS $643.4 MILLION
    * Q2 REVENUE VIEW $697.0 MILLION -- REFINITIV IBES DATA
    * SEES Q3 FY'23 DILUTED EARNINGS PER SHARE IS EXPECTED TO
RANGE
BETWEEN $0.40 TO $0.66
    * Q3 FY'23 FEE REVENUE IS EXPECTED TO BE IN RANGE OF $660
MILLION
AND $690 MILLION
    * IN PROCESS OF DEVELOPING A PLAN TO REDUCE OUR OPERATING
COSTS BY
$45 MILLION TO $55 MILLION
    * EXPECT TO IMPLEMENT PLAN IN Q3, BUT DO NOT ANTICIPATE ANY
MEANINGFUL RUN-RATE SAVINGS TO BEGIN UNTIL Q4
    * Q3 EARNINGS PER SHARE VIEW $1.32, REVENUE VIEW $693.0
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nBw3JspKva 
Further company coverage:  KFY.N