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Stock Market & Financial Investment News

News Breaks
March 7, 2014
10:58 EDTHSII, CTP, KFY, MANKorn/Ferry hits new 52-week high after better than expected results, guidance
Shares of executive recruitment company Korn/Ferry (KFY) hit a new 52-week high after easily beating third quarter estimates. WHAT'S NEW: Last night, Korn/Ferry reported Q3 adjusted earnings per share of 43c and revenue of $251M against consensus views of 34c and $229.23M. Q4 EPS was forecast at 35c-41c versus analysts’ estimates of 37c. Q4 fee revenue was seen at $240M-$250M. ANALYST REACTON: This morning, research firm SunTrust Robinson Humphrey raised its price target on Korn/Ferry to $34 from $30 and maintained a Buy rating on the shares. The firm said the company’s exposure to improving markets should create market share gain and cause its multiple to expand. Another firm, William Blair, maintained its Outperform rating on the stock. The firm said the stock remains attractive with potential for double-digit earnings growth and modest upside to estimates. PRICE ACTION: In early morning trading, Korn/Ferry rose $2.77, or 10.7%, to $28.60 on nearly three times its average daily trading volume. Earlier in the session, the stock made a new 52-week high of $29.06. Over the past 12 months, the stock has gained approximately 60%. OTHERS TO WATCH: Others in the recruitment industry include Heidrick & Stuggles (HSII), ManpowerGroup (MAN), and CTPartners Executive Search (CTP).
News For KFY;HSII;MAN;CTP From The Last 14 Days
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January 28, 2015
19:24 EDTCTPCTPartners suspends proposed common stock offering
CTPartners announced that it has suspended the proposed common stock offering announced on January 26.
19:24 EDTCTPCTPartners sees FY15 revenue approximately $200M, consensus $202.98M
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19:23 EDTCTPCTPartners withdraws Q1, FY15 earnings guidance
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19:20 EDTCTPCTPartners sees Q4 adjusted EPS of (9c)-(7c), may not compare to consensus 20c
Sees Q4 revenue of approximately $42M, consensus 42.54M.
12:05 EDTCTPCTPartners trading halted, pending news
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January 26, 2015
08:00 EDTCTPCTPartners files to sell $12.5M in common stock
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January 22, 2015
10:03 EDTCTPOn the Fly: Analyst Downgrade Summary
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06:38 EDTCTPCTPartners downgraded to Market Perform from Outperform at William Blair
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January 21, 2015
16:21 EDTCTPCTPartners sees Q1 adjusted EPS 8c-12c, consensus 23c
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16:21 EDTCTPCTPartners sees FY15 adjusted EPS 90c-$1.00, consensus $1.13
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16:18 EDTCTPCTPartners sees FY14 adjusted EPS 82c-85c, consensus 95c
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16:15 EDTCTPCTPartners sees Q4 adj EPS 6c-8c from 19c-21c, consensus 20c
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16:15 EDTCTPCTPartners sees Q4 adj EPS 6c-8c from 19c-21c, consensus 20c
Narrows Q4 revenue view to $42M from $41M-$43M, consensus $42.46M.

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