Baird Downgrades Korn/Ferry (KFY) to Neutral
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Korn Ferry International Announces Fourth Quarter and Fiscal 2016 Results of Operations
June 15, 2016 4:05 PM EDTLOS ANGELES, June 15, 2016 /PRNewswire/ -- Korn/Ferry International (NYSE: KFY), the preeminent global people and organizational advisory firm, today announced record fourth quarter and annual fee revenue of $399.9 million and $1.3 billion, or $405.0 million and $1.3 billion on an adjusted basis, respectively. Fourth quarter diluted earnings per share and adjusted diluted earnings per share were $0.10 and $0.58, respectively.  FY'16 diluted earnings per share were $0.58 and adjusted diluted earnings per share were $2.08.  The adjusted diluted earnings per share for the fourth quarter and the full year excluded $32.9 million and $103.9 million, respectively, of restructuring charges, net,... More
