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Heidrick & Struggles: 1Q Earnings Snapshot

CHICAGO (AP) _ Heidrick & Struggles International Inc. (HSII) on Monday reported first-quarter profit of $10.2 million.

On a per-share basis, the Chicago-based company said it had profit of 53 cents.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The executive search firm posted revenue of $164.7 million in the period. Its adjusted revenue was $160.1 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $155.6 million.

For the current quarter ending in July, Heidrick & Struggles said it expects revenue in the range of $160 million to $170 million.

Heidrick & Struggles shares have risen 32 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $32.40, a rise of 24 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HSII at https://www.zacks.com/ap/HSII