CTPartners Executive Search Inc. revised preliminary earnings guidance for the second quarter ended June 30, 2012. For the quarter, the company expects to report diluted earnings per share of $0.07 on approximately $33.5 million to $34 million in revenue for the second quarter 2012 compared with the previously issued guidance of $0.01 to $0.06 in diluted earnings per share and $31 million to $33 million in revenue, respectively. The better than expected earnings per share results are due to slightly higher revenue and the operating leverage in the company's business model. In looking at expected financial results for the full year 2012, the company narrowed its full year revenue guidance to $128 million to $132 million and introduced diluted earnings per share guidance of $0.15 to $0.30. The ongoing softness in Europe has negatively impacted overall tax rate, which has been accounted for in the earnings per share guidance. Operating margin for the year is expected to be in the range of 2% to 3.5% compared with previous guidance of 4% to 6% due to ongoing investments designed to maximize profitability longer term.