NEW YORK (TheStreet) -- Korn/Ferry International (KFY) shares are up 1.7% to $28.40 in after-hours trading on Tuesday after the human resources solutions provider released its second quarter earnings results after the closing bell today.
The company reported second quarter net earnings of $25.4 million, or 51 cents per diluted share on an adjusted basis, 15 cents better than the company posted last year and 6 cents better than analysts were expecting the company to report this year.
Korn/Ferry also generated $255.7 million in revenue, ahead of analysts' $251.3 million expectations for the period.
The company issued current quarter revenue guidance between $241 million and $251 million, short of analysts' $255.6 million forecast.
TheStreet Ratings team rates KORN/FERRY INTERNATIONAL as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate KORN/FERRY INTERNATIONAL (KFY) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: KFY Ratings Report