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UPDATE: Heidrick & Struggles (HSII) Misses Q2 EPS by 3c

July 24, 2017 4:12 PM EDT

(Updated - July 24, 2017 4:13 PM EDT)

(updated to corrected EPS number)

Heidrick & Struggles (NASDAQ: HSII) reported Q2 EPS of $0.33, $0.03 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $152.21 million versus the consensus estimate of $157 million.

"Our 2017 second quarter results reflect solid performance in our core business, Executive Search, and strong growth in Leadership Consulting," said Krishnan Rajagopalan, Heidrick & Struggles President and Chief Executive Officer. "Going forward, we will integrate our Leadership Consulting and Culture Shaping operations into a single business, Heidrick Consulting, which will provide a comprehensive service offering that will help our clients accelerate their performance. We have built a scalable foundation for Heidrick Consulting through the development and acquisition of relevant tools and intellectual property, and are now in a position to drive operational efficiencies and move to a better trajectory of profitable growth."

GUIDANCE:

Heidrick & Struggles sees Q3 2017 EPS of $148.00-$158.00 million, versus the consensus of $155.10 million.

For earnings history and earnings-related data on Heidrick & Struggles (HSII) click here.



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