Korn/Ferry Sees Profit, Fee Revenue Climb
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Executive recruiter Korn/Ferry International said fiscal second-quarter earnings rose 25%, helped by a 16% increase in fee revenue.
Net income in the period ended Oct. 31 rose to $10.9 million, or 25 cents a share, from $8.7 million, or 21 cents, a year earlier.
In September, Los Angeles-based Korn/Ferry forecast earnings of 22 cents a share to 27 cents a share. Analysts, on average, were expecting 25 cents, according to Reuters Estimates.
Fee revenue rose to $125.8 million.
The company also announced it would buy back as much as $50 million in stock.
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