Heidrick & Struggles Announces 2020 Third Quarter Results and Provides Fourth Quarter Guidance
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Heidrick & Struggles (HSII) Tops Q3 EPS by 75c, Revenues Beat; Offers 4Q Revenue Mid-Point Guidance Above Consensus
October 26, 2020 4:03 PM EDTHeidrick & Struggles (NASDAQ: HSII) reported Q3 EPS of $0.39, $0.75 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $144.5 million versus the consensus estimate of $125.23 million.
Highlights:
Anticipated restructuring charge of $48.1 million generated operating loss of $38.2 million and operating margin of (26.6%); expect annual cost savings of $30 million to $40 millionAdjusted... More