Key Developments: Korn/Ferry International (KFY)
17.98USD
17 May 2013
$0.12 (+0.67%)
$17.86
$17.96
$18.06
$17.84
302,950
274,741
$19.38
$12.10
Latest Key Developments (Source: Significant Developments)
Korn/Ferry International Issues Q4 2013 Guidance; EPS Guidance Below Analysts' Estimates-Conference Call
Korn/Ferry International announced that for fourth quarter of 2013, it expects revenue to be in the range of $210-$230 million and GAAP diluted earnings per share (EPS) to be in the range of $0.21-$0.29. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $225 million and EPS of $0.31 for fourth quarter of 2013. Full Article
Korn/Ferry International Completes Acquisition Of PDI Ninth House
Korn/Ferry International announced that it has completed acquisition of Minneapolis based PDI Ninth House, a provider of leadership solutions. Terms of the transaction were not disclosed. Full Article
Korn/Ferry International Issues Q3 2013 Guidance; Q3 2013 EPS Guidance Above Analysts' Estimates
Korn/Ferry International announced that for the third quarter of 2013, it expects revenue to be in the range of $188-$201 million, and adjusted stand-alone diluted earnings per share (EPS) to be in the range of $0.26-$0.34. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $190 million and EPS of $0.21 for the third quarter of 2013. Full Article
Korn/Ferry International Enters Into Definitive Agreement To Acquire PDI Ninth House
Korn/Ferry International announced that it has entered into a definitive agreement to acquire Minneapolis-based PDI Ninth House, a globally-recognized provider of leadership solutions. Under the terms of the merger agreement, Korn/Ferry will pay approximately $80 million in cash at closing for 100% of the equity of PDINH, which is currently on a $90 million to $100 million annual fee revenue run-rate. Korn/Ferry will pay up to $15 million of additional cash consideration based on the realization of synergies achieved during the 18 months commencing on the closing date. The transaction will be financed with cash on hand. Wells Fargo Securities served as financial advisor to Korn/Ferry in connection with the transaction. Full Article
Korn/Ferry International Issues Q2 2013 EPS Guidance-Conference Call
Korn/Ferry International announced that for the second quarter of 2013, it expects diluted earnings per share (EPS) be in the range of $0.16 to $0.22, and that's on an adjusted basis. That excludes $0.14 to $0.28 of estimated cost realignment and non-recurring charges; or on a US GAAP basis, a loss per share of $0.12 to diluted earnings per share of $0.08. Full Article
Korn/Ferry International Announces Acquisition Of Global Novations, LLC
Korn/Ferry International announced that it has acquired Boston-based Global Novations, LLC, a widely respected, provider of diversity, inclusion and leadership development solutions. Global Novations and New MainStream Capital were advised by SunTrust Robinson Humphrey. Terms of the transaction were not disclosed. Full Article
Korn/Ferry International Issues Q1 2013 Guidance Below Analysts' Estimates
Korn/Ferry International announced that for the first quarter of 2013, it expects fee revenue to be in the range of $172 million to $188 million and diluted earnings per share (EPS) to be in the range of $0.14 to $0.22. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $200 million and EPS of $0.30 for first quarter of 2013. Full Article
Korn/Ferry International Issues Q4 2012 Guidance In Line With Analysts' Estimates-Conference Call
Korn/Ferry International announced that for fourth quarter of 2012, it expects fee revenue to be in the range of $182-$196 million and diluted earnings per share (EPS) (excluding $0.03-$0.04 of estimated non-recurring compensation related charges or $0.21-$0.27 measured by GAAP) to be $0.24-$0.30. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $193 million and EPS of $0.27 for fourth quarter of 2012. Full Article
Korn/Ferry International Appoints Robert Rozek As Chief Financial Officer
Korn/Ferry International announced that Robert Rozek has been appointed Chief Financial Officer effective immediately. Full Article
Korn/Ferry International Issues Q3 2012 EPS Guidance Below Analysts' Estimates
Korn/Ferry International announced that for third quarter of 2012, it expects earnings per share (EPS) in the range of $0.25 to $0.33. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.35 for third quarter of 2012. Full Article
Earnings vs. 
Estimates
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