PSCI - Why Consulting Firm Korn Ferry Shares Are Surging Today | Benzinga
Korn Ferry (NYSE:KFY) shares are trading higher after the company reported fourth-quarter FY24 results.
Revenue fell 5.2% Y/Y to $699.9 million, beating the consensus of $689.92 million. The fee revenue of the global organizational consulting firm was $690.80 million, a decrease of 5.5% Y/Y.
Adjusted EBITDA rose to $112.3 million from $97.9 million, with an adjusted margin of 16.3%, an increase of 290bps Y/Y in the quarter. Adjusted EPS of $1.26 beats the estimate of $1.12.
The company exited the quarter with cash and equivalents worth $983.7 ...