NEW YORK (TheStreet) -- Korn/Ferry International (KFY) shares are up 0.06% to $32.78 in after-hours trading on Thursday after the company reported its fourth quarter earnings results following the closing bell today.
The Los Angeles-based human resources service provider reported fourth quarter earnings of 51 cents per share, eight cents better than the 43 cents per share it reported during the same period last year, and five cents better than analysts' 46 cents per share guidance for the quarter.
Revenue for the period rose 8% to $271.8 million, topping analysts' $259 million forecast for the period.
"Korn Ferry closed out the fiscal year with a strong quarter and record fee revenue of $271.8 million - 14.2% growth year over year and 11.4% growth sequentially, at constant currency, with diluted earnings per share of $0.51. With all service lines up year over year, our quarterly results propelled our fiscal year fee revenue to a record high of $1.03 billion - a major milestone in our firm's history," said CEO Gary D. Burnison
TheStreet Ratings team rates KORN/FERRY INTERNATIONAL as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate KORN/FERRY INTERNATIONAL (KFY) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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, increase in stock price during the past year, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company shows low profit margins."