UPDATE 1-Korn/Ferry posts Q3 profit
* Q3 profit $0.17/shr vs. year-ago loss $0.52/shr
* Revenue rises 6 pct
* Sees Q4 shr $0.10-$0.16
March 9 (Reuters) - Executive recruitment firm Korn/Ferry International (KFY.N) posted a third-quarter profit as margins improved, and forecast fourth-quarter earnings largely above expectations.
For the third quarter, net income was $7.9 million, or 17 cents a share, compared with a net loss of $22.4 million, or 52 cents a share, a year ago.
Excluding items, it earned 11 cents a share.
Total revenue rose about 6 percent to $152.9 million.
Analysts were expecting earnings of 11 cents a share on revenue of $146.5 million, according to Thomson Reuters I/B/E/S.
Korn/Ferry said the number of engagements opened increased 28.9 percent during the period.
Operating margins for the quarter were 4.3 percent compared with year-ago margins of negative 8.3 percent.
The company sees fourth-quarter earnings of 10 cents to 16 cents a share and fee revenue of $145 million to $155 million.
Analysts were looking for earnings of 11 cents a share.
Shares of the company closed at $18.04 Monday on the New York Stock Exchange. (Reporting by A.Ananthalakshmi in Bangalore; Editing by Ratul Ray Chaudhuri)