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Heidrick & Struggles International Inc. (NASD: HSII), an executive search firm, lowered its estimate for year-end net revenue to $630 million from between $650 million and $660 million.
"We are all acutely aware of the challenging, and in many respects unprecedented, economic environment in which we are operating today," said CEO L. Kevin Kelly. "Our business, like most others around the world, is being impacted. But as a result of our diversity, both geographically as well as through our industry practice offerings, we still look to achieve year-over-year revenue growth."
Heidrick reported net revenue of $619.7 million for 2007.