Korn Ferry stock rises after beating profit estimates with $1.33 EPS and $729.80 million sales in Q2. Fee revenue hit $721.7 million.
Korn Ferry (NYSE: KFY) saw an increase in their stock value as they reported strong quarterly results. Their second-quarter adjusted earnings per share stood at $1.33, surpassing the expected $1.31. The company also exceeded revenue projections with quarterly sales reaching $729.80 million against the anticipated $705.970 million. With their second-quarter fee revenue at $721.7 million, Korn Ferry experienced growth in demand for organizational transformation services. Investors reacted positively to the company's performance and optimistic outlook, leading to a rise in KFY shares.
Source: Unusual Whales The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments