Shares of Korn Ferry (KFY) are soaring 16.24% in pre-market trading on Wednesday following the release of better-than-expected fourth-quarter fiscal 2025 results and a positive outlook for the upcoming quarter. The global organizational consulting firm demonstrated resilience and growth despite challenging economic conditions.
For the fourth quarter ended April 30, Korn Ferry reported adjusted earnings per share of $1.32, surpassing analysts' estimates of $1.26. The company's revenue also exceeded expectations, reaching $719.8 million compared to the consensus forecast of $689.9 million. This represents a 2.8% increase from the same period last year, primarily driven by growth in executive search and recruitment process outsourcing services.
Looking ahead, Korn Ferry provided an optimistic outlook for the first quarter of fiscal 2026, projecting fee revenue between $675 million and $695 million, and adjusted diluted earnings per share in the range of $1.18 to $1.26. This guidance has further boosted investor confidence, contributing to the significant stock price surge. CEO Gary Burnison attributed the company's strong performance to its diversification strategy and ongoing investments to extend offerings and solutions, stating, "Through ongoing investments to extend our offerings and solutions and expand our impact, we are powering performance for clients."
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