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Korn/Ferry 4th-Quarter Profit Falls

Executive recruitment company Korn/Ferry International said Wednesday its fiscal fourth-quarter earnings fell 33 percent, hurt by unfavorable exchange rates, higher expenses and a charge related to employment contract changes.

For the quarter ended April 30, the company reported net income of $14.1 million, or 30 cents per share, from $21.1 million, or 45 cents per share in the year-ago quarter. The figures are adjusted for computation of diluted earnings per share.

Associated Press 06.06.07, 8:53 AM ET
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