CTPartners Executive Search Inc. Revises Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2014; Re-Affirms Revenue Guidance for the Full Year 2015
For the full year, the company expects net revenue to be approximately $172 million. GAAP net income is expected to be in the range of $3.0 million to $3.3 million, or $0.38 to $0.43 per share, compared to a net loss of $1.6 million, or $0.23 loss per share, in 2013. The company expects adjusted net income, excluding after-tax non-operating items of $1.9 to $2.3 million, for the full year to be in the range of $5.2 million to $5.4 million, or $0.67 to $0.71 per share, compared to adjusted net income of $1.8 million, or $0.24 per share, reported in 2013. The company previously expected GAAP net income in the range of $4.0 million to $4.2 million, or $0.53 to $0.56 per share compared to net loss of $1.6 million or $0.23 loss per share in 2013.
For 2015, the company still expects to report approximately $200 million in net revenue, consistent with the guidance provided on January 21, 2015.