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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.74 -34.33 -0.20%
S&P 500 1,960.36 -4.32 -0.22%
NASDAQ 4,392.86 -3.3440 -0.08%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs