This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CTPartners Executive Search Inc. Comments On Expected Financial Results For Second Quarter And Full Year 2012 Outlook

CTPartners Executive Search Inc. (NYSE MKT:CTP), a leading global executive search firm, today commented on its expected financial results for the second quarter ended June 30, 2012 and its outlook for the full year 2012.

On a preliminary basis, CTPartners expects to report diluted earnings per share of $0.07 on approximately $33.5 million to $34 million in revenue for the second quarter 2012 compared with the previously issued guidance of $0.01 to $0.06 in diluted earnings per share and $31 million to $33 million in revenue, respectively. The better than expected earnings per share results are due to slightly higher revenue and the operating leverage in the Company’s business model.

“Despite the ongoing challenges facing the executive recruitment industry, we are pleased that our expected financial results for the second quarter will exceed our prior expectations,” said Brian Sullivan, CEO. “We believe this demonstrates the scale of our global operations and reflects our ability to develop new client relationships while preserving our existing client base.”

In looking at expected financial results for the full year 2012, the Company narrowed its full year revenue guidance to $128 million to $132 million and introduced diluted earnings per share guidance of $0.15 to $0.30. The ongoing softness in Europe has negatively impacted our overall tax rate, which has been accounted for in the earnings per share guidance. Operating margin for the year is expected to be in the range of 2% to 3.5% compared with previous guidance of 4% to 6% due to ongoing investments designed to maximize profitability longer term.

Mr. Sullivan added, “We are confident that the initiatives we have taken to attract and retain top quality consultants extend to new geographic markets in Latin America, France and Germany, and expand into high growth practices that will enhance our operating margin and improve profitability in 2013 and beyond.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.88 -0.32%
FB $117.43 0.00%
GOOG $692.36 0.00%
TSLA $232.32 0.00%
YHOO $36.01 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs