The L.A.-based recruitment and executive search specialist reported third-quarter net income of $9.8 million (23 cents per diluted share), compared with $3.9 million (10 cents) for the like period a year earlier. Revenue for the quarter ended Jan. 31 rose to $123.6 million from $86.7 million in the comparable quarter of the prior year.
Fee revenue increased 44 percent to $116.9 million, compared with $81.4 million in the prior-year third quarter.
For fourth quarter 2005, the company expects fee revenue in the range of $115 million to $122 million and earnings per share to be in the range of 22 cents to 25 cents.
The Cincinnati-based owner and operator of retail chains, including Ralphs and Food 4 Less supermarkets in Southern California, reported a fourth-quarter net loss of $675.9 million (93 cents per diluted share), compared with a loss of $337.4 million (45 cents) for the like period a year earlier. Revenue for the quarter ended Jan. 29 rose 5.1 percent to $13.7 billion.
Kroger, which has operations in 32 states, said the fourth-quarter results included an $884 million after-tax charge, or $1.21 a share, to write down the value of the Ralphs and Food 4 Less operations in Southern California.
The company expects net earnings in fiscal 2005 to exceed $1.16 per diluted share.
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