Korn/Ferry Earnings Beat Expectations

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Staffing giant Korn/Ferry International reported fiscal first-quarter profit that was better than analysts expected.

The L.A. company reported first-quarter net income of $14.5 million (43 cents a diluted share), compared with $11.4 million (33 cents) in the same period a year earlier. Revenue rose 9 percent to $251 million.

Analysts expected the company to earn 40 cents a share on revenue of $250 million.

Shares on Tuesday fell less than 1 percent to close $30.41 on the New York Stock Exchange.

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