Korn Ferry Q2 Adj. EPS $0.97 Beats $0.95 Estimate, Sales $712.45M Beat $686.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Korn Ferry (NYSE:KFY) reported Q2 adjusted EPS of $0.97, surpassing the consensus estimate of $0.95, and sales of $712.45M, exceeding the estimate of $686.78M. However, these figures represent a decrease from the same period last year, with earnings down 32.17% and sales down 3.16%.
December 06, 2023 | 11:47 am
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Korn Ferry reported higher-than-expected Q2 earnings and sales, but experienced a decline compared to the previous year's results.
Beating earnings and sales estimates is typically a positive signal for investors, suggesting the company is performing better than expected. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm, leading to a mixed short-term impact. The positive earnings surprise could lead to a short-term uptick in the stock price, but the decline in year-over-year figures might limit the upside potential.
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RELEVANCE 100