Korn Ferry beat Q1 earnings expectations with $756.5 million in fee revenue, but shares faced pressure after the consulting firm provided a conservative Q2 guidance midpoint of $1.35 per share.
Korn Ferry posted Q1 earnings beat but provided Q2 EPS guidance below consensus, causing a slight premarket decline.
Korn Ferry reported a strong first quarter with adjusted EPS of $1.43, beating the $1.36 consensus estimate. However, shares dipped in premarket trading as the firm issued a second-quarter earnings outlook of $1.30 to $1.40 per share, falling short of the $1.48 expected by analysts.
While the company exceeded Q1 expectations, investors reacted negatively to the Q2 adjusted EPS guidance, which at a midpoint of $1.35, fell below the analyst consensus of $1.48.