CTPartners Executive Search Inc. revised earnings guidance for the fourth quarter and full year ended December 31, 2014. For the quarter, the company revising preliminary earnings results previously announced on January 21, 2015. The revision is a result of a $1.7 million increase in the company's estimate of operating expenses for the fourth quarter primarily due to compensation expense associated with consultant performance bonuses. Estimated net revenue for the fourth quarter of 2014 remains at approximately $42 million. GAAP net loss attributable to the company is now expected to be in the range of $1.3 million to $1.6 million, or $0.19 to $0.23 per share. Adjusted net loss for the fourth quarter of 2014 is expected to be in the range of $0.4 million to $0.6 million, or $0.07 to $0.09 per share.

For the full year, the company expects net revenue to be approximately $172 million. GAAP net income is expected to be in the range of $3.0 million to $3.3 million, or $0.38 to $0.43 per share, compared to a net loss of $1.6 million, or $0.23 loss per share, in 2013. The company expects adjusted net income, excluding after-tax non-operating items of $1.9 to $2.3 million, for the full year to be in the range of $5.2 million to $5.4 million, or $0.67 to $0.71 per share, compared to adjusted net income of $1.8 million, or $0.24 per share, reported in 2013. The company previously expected GAAP net income in the range of $4.0 million to $4.2 million, or $0.53 to $0.56 per share compared to net loss of $1.6 million or $0.23 loss per share in 2013.

For 2015, the company still expects to report approximately $200 million in net revenue, consistent with the guidance provided on January 21, 2015.