Heidrick & struggles reports q2 loss per share $1.33

Heidrick & struggles announces second quarter 2020 results.q2 revenue $145.6 million versus refinitiv ibes estimate of $127.3 million.q2 adjusted earnings per share $0.37.q2 loss per share $1.33.q2 earnings per share estimate $0.25 -- refinitiv ibes data.maintains $0.15 per share cash dividend.implementing initiatives to generate $30 million to $40 million of annual cost savings.non-cash impairment charge of $33.0 million in quarter.primary components of restructuring include a workforce reduction.heidrick & struggles - components of restructuring include reduction of real estate expenses, professional fees.heidrick & struggles - components of restructuring include future elimination of certain deferred compensation programs.heidrick & struggles - in connection with restructuring , expects to record pre-tax charges of about $30 million to $40 million in q3.
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