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CTPartners Executive Search Inc. Announces Preliminary Second Quarter 2013 Financial Results

CTPartners Executive Search Inc. Announces Preliminary Second Quarter 2013 Financial Results

CTPartners Executive Search Inc has announced that based on currently available information, results for the second quarter ended June 30, 2013 are anticipated to be above the Company's previous guidance.  CTPartners expects net revenue will be in the range of $34 to $34.2 million, representing year-over-year and sequential increases.  Augmentum Consulting Ltd, which was acquired in May, contributed approximately $0.9 million of net revenue, as anticipated and was included in the Company's quarterly guidance provided on May 9, 2013.  

Adjusted EPS for the 2013 second quarter is expected to be in the range of $0.07 to $0.08 compared to adjusted EPS of $0.07 in the year-ago second quarter and a significant improvement compared to adjusted net loss of $0.05 per share reported in this year's first quarter.  

The Company's previous guidance was for net revenue to be in the range of $31.5 to $33.5 million and adjusted EPS to be in the range of $0.01 to $0.06.

The Company stated that the better than expected performance in the second quarter reflects improvement in demand for its executive recruitment services and successful execution of its growth strategy.

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