Korn Ferry (KFY) Tops Q2 EPS by 1c, Revenues Miss; Offers Q3 EPS Guidance Below Consensus, Q3 Revenue Guidance Above Consensus

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Korn Ferry Announces Second Quarter Fiscal 2020 Results of Operations

December 5, 2019 4:05 PM EST

LOS ANGELES, Dec. 5, 2019 /PRNewswire/ --

Highlights

Korn Ferry reports fee revenue of $492.4 million in Q2 FY'20. Net income attributable to Korn Ferry was $42.8 million in Q2 FY'20. Operating income was $61.9 million in Q2 FY'20 with an operating margin of 12.6%. Adjusted EBITDA was $78.3 million with Adjusted EBITDA margin of 15.9%. Q2 FY'20 diluted earnings per share and adjusted diluted earnings per share was $0.77 and $0.81, respectively. The Company continued with its balanced approach to capital allocation, buying back 1.3 million shares or $49.2 million of stock during the quarter and declaring a quarterly... More