Dice Bests 2nd Quarter Estimates

Job board owner Dice Holdings reported this morning that it earned 6 cents a share on 2nd quarter revenue of $29.9 million, coming in better than Wall Street’s expectations.

Analysts estimated revenue would be right around $28.7 million with an average earnings estimate of 5 cents a share.

Investors bid up the price of Dice Holdings share by better than 5 percent. In afternoon trading in New York, DHX shares were selling at $8.29.

Growth was driven by ClearanceJobs.com, a job board for workers with security clearances, by international operations — especially in Asia — of its financial sector job site, eFinancialCareers.com, and by contributions from the company’s smaller units, including AllHealthCareJobs and Targeted Job Fairs.

Dice.com, the company’s flagship IT specialty job board, wasn’t detailed specifically, though it is the largest contributor to revenue. Dice reported that the DCS Online unit — Dice.com and Clearancejobs.com — contributed 71.3 percent of the total company revenue in the first six months of the year. That’s down from 74.4 percent for the same period in 2009, likely reflecting the continued softness in the tech sector.

Article Continues Below

Looking ahead, Dice said it expected revenue to continue growing. It estimated 3rd quarter revenue of $31.5 million and $121.5 million for the year. That compares to $26.7 million for the 3rd quarter of 2009 and $110 million for the year.

In addition to an improving global job market, Dice is also moving strongly into social recruiting. Today it launched the Dice Talent Network on the Dice.com site.

Monster will report its 2nd quarter financial results after the market closes on Thursday. CareerBuilder, as a privately owned company, isn’t required to report its numbers, but it typically does provide its North American revenue.

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.


Leave a Comment

Your email address will not be published. Required fields are marked *