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DAILY EARNINGS

Korn/Ferry Sales Fall; Stewart Net Falls


Author: Trupti Mehta
ticker.com
Last Update: 9:43 AM ET June 10 2009

10:00AM New York – Korn/Ferry International revenues fell 48.1% and net loss was $19.5 million. Stewart Enterprises, Inc revenues fell 8% and net income fell 5%.

Korn/Ferry International, a talent management solutions provider said fourth quarter revenues fell 48.1% to $114.4 million from $220.5 million a year ago. Net loss in the quarter was $17.2 million or 40 cents per diluted share compared to net income of $15.7 million or 36 cents per a year ago.

Total revenues for the fiscal year 2008 fell 19% to $676.1 million from $835.6 million a year ago. Net loss for the year was $10.1 million or 23 cents per diluted share compared to net income of $66.2 million or $1.46 per a year ago.

Korn/Ferry International (KFY) in the last one year traded as high as $20.52 in August 2008 and as low as $7.54 in March 2009. Based on the yesterday’s closing price of $11.61 the company has market cap of $519.22 million.

Rentrak Corporation, an information management company said fourth quarter revenues was flat at $22.3 million from $22.3 million a year ago. Net income in the quarter rose 29.4% to $2.2 million or 21 cents per diluted share compared to net income of $1.7 million or 15 cents per a year ago.

Revenues for the fiscal year 2008 rose 2% to $95.0 million from $93.2 million a year ago. Net income for the year rose 17.4% to $5.4 million or 49 cents per diluted share compared to net income of $4.6 million or 41 cents per a year ago.

Rentrak Corporation (RENT) in the last one year traded as high as $15.80 in August 2008 and as low as $8.44 in April 2009. Based on the yesterday’s closing price of $13.43 the company has market cap of $141.10 million.

Shuffle Master, Inc, a casino equipment maker said second quarter revenues fell 7.6% to $45.3 million from $49 million a year ago. Net income in the quarter rose 53% to $4.6 million or 9 cents per diluted share compared to net income of $3 million or 9 cents per a year ago.

Shuffle Master, Inc (SHFL) in the last one year traded as high as $8.38 in June 2008 and as low as $1.97 in March 2009. Based on the yesterday’s closing price of $4.61 the company has market cap of $247.28 million.

Stewart Enterprises, Inc, a funeral services provider said second quarter revenues fell 8% to $126.6 million from $136.8 million a year ago. Net income in the quarter fell 5% to $13.2 million or 14 cents per diluted share compared to net income of $13.9 million or 15 cents per a year ago.

Stewart Enterprises, Inc (STEI) in the last one year traded as high as $10.00 in September 2008 and as low as $1.67 in March 2009. Based on the yesterday’s closing price of $4.81 the company has market cap of $445.98 million.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc