Heidrick & Struggles misses by $0.01, misses on revs; guides SepQ revs in-line
- Reports Q2 (Jun) earnings of $0.33 per share, excluding non-recurring items, $0.01 worse than the two analyst estimate of $0.34; revenues before reimbursements rose 2.3% year/year to $152.21 mln vs the $157.0 mln Capital IQ Consensus and vs prior guidance of $153-163 mln.
- Co issues in-line guidance for Q3 (Sep), sees Q3 revs before reimbursements of $148-158 mln vs. $155.1 mln Capital IQ Consensus Estimate.
- Co says its Q2 (Jun) results reflect solid performance in its core business, Executive Search, and strong growth in Leadership Consulting.
- Going forward, co will integrate its Leadership Consulting and Culture Shaping operations into a single business, Heidrick Consulting, which will provide a comprehensive service offering that will help clients accelerate their performance