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Heidrick & Struggles tops 4Q revenue forecasts

CHICAGO (AP) _ Heidrick & Struggles International Inc. (HSII) on Monday reported fourth-quarter earnings of $493,000.

On a per-share basis, the Chicago-based company said it had profit of 3 cents. Earnings, adjusted for non-recurring costs, came to 23 cents per share.

The executive search firm posted revenue of $164.6 million in the period. Its adjusted revenue was $159.8 million, which beat Street forecasts. Four analysts surveyed by Zacks expected $146.1 million.

For the year, the company reported profit of $15.4 million, or 81 cents per share. Revenue was reported as $582.4 million.

Heidrick & Struggles shares have decreased 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $21.45, a decline of 7.5 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


Keywords: Heidrick & Struggles, Earnings Report