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Korn Ferry Q1 Adj. EPS Miss Estimates; Guides Q2 In Line With View

Consulting firm Korn/Ferry International, Inc. (KFY) reported on Wednesday a profit for the first quarter that edged up from last year, driven a 17 percent increase in fee revenue, partially offset by higher operating expenses. Adjusted earnings per share missed analysts' expectations by a penny, while quarterly revenues topped it. The company also provided guidance for the second quarter.
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Germany Industrial Production Falls In July

Germany Industrial Production Falls In July

Germany industrial production declined in July on widespread falls across consumer, capital and intermediate goods, official data showed Wednesday. Industrial production fell 0.3 percent on a monthly basis, reversing a 0.8 percent rise in June, Destatis reported. Output was forecast to decline 0.5 percent.
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China Exports Growth Eases Sharply In August

China Exports Growth Eases Sharply In August

China's exports growth eased sharply in August reflecting weak global demand amid power shortages and heat waves dampening production, figures published by the General Administration of Customs revealed on Wednesday. Exports increased by less-than-expected 7.1 percent on a yearly basis in August. Economists had forecast the annual growth in shipments to ease to 12.8 percent from 18.0 percent.
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REV Group Q3 Net Profit More Plunges; Trims FY22 Sales Outlook

REV Group Q3 Net Profit More Plunges; Trims FY22 Sales Outlook

REV Group, Inc. (REVG), a manufacturer of specialty vehicles, on Wednesday reported that net income for the third quarter plunged to $9.5 million or $0.16 per share from $23.7 million or $0.36 per share in the prior-year quarter.
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Target Says Brian Cornell Commits To Remain CEO For Approximately Three More Years

Target Says Brian Cornell Commits To Remain CEO For Approximately Three More Years

Target Corp. (TGT) announced Tuesday that Brian Cornell has committed to remain as CEO and lead the company for approximately three more years. With Cornell's commitment, Target's board of directors eliminated its retirement policy, which was designed to initiate a discussion regarding the possible retirement of its CEO at the age of 65.
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Indian Shares End Slightly Lower Amid Weak Global Cues

Indian Shares End Slightly Lower Amid Weak Global Cues

Indian shares ended a tad lower on Wednesday, mirroring weak global cues as solid U.S. services data released overnight reinforced investor expectations for a more aggressive pace of FOMC rate hikes.
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European Shares Decline On Growth Worries

European Shares Decline On Growth Worries

European stocks fell on Wednesday after data showed Chinese exports and imports lost momentum in August, adding to headwinds for the world's second-largest economy.
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