Korn Ferry slumps on downbeat Q2 profit forecast

Korn Ferry

07/09/2022 16:44

** Shares of executive search firm Korn Ferry  KFY.N  down ~10%
at a more than 2-month low of $54.36 
    ** Stock set for worst day since March 2020
    ** KFY forecasts Q2 profit below market expectations, citing
 inflation, rising interest rates and macro uncertainty
    ** Sees Q2 adjusted EPS of $1.34 to $1.50 vs analysts'
estimate of $1.50, according to Refinitiv IBES  urn:newsml:reuters.com:*:nTUA1QVFCM
    ** KFY also reports Q1 fee revenue and profit slightly below
estimates 
    ** With Wednesday's moves, KFY shares down ~28% YTD

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))