Dice Wows Wall Street and Sees Stock Zoom

Dice has accomplished the nontrivial. For the third quarter it earned more money and had more revenue, and now expects to end the year all better than Wall Street expected. For that, the Street rewarded the once-bankrupt job board company with a stunning 19 percent jump today in its stock price.

Dice Holdings, Inc., owner of owner of job boards in the financial, security and energy sectors, and Dice.com, its flagship IT career site, reported its third quarter financial results today.

“The third quarter performance included our best sales growth of any quarter this year illustrating how strongly we are performing in this sideways employment market,” said Scot Melland, chairman, president and CEO of Dice Holdings.

Some of the revenue contribution came from acquisitions the company made this year. Rigzone (oil and gas industry news and jobs) and WorldwideWorker (energy industries with an emphasis on petroleum) contributed $1.5 million to revenue during the quarter. But even without them, Dice grew revenue by 23 percent over last year’s 3rd quarter.

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Profit doubled over last year to $6.1 million, which translates into 9 cents a share. A consensus of Wall Street analysts predicted Dice would earn 6 cents. For the full year, analysts were expecting $123.57 in revenue. In today’s financial release, Dice said it expected to be around $127.6 million.

The company’s stock, which hit a low of $2.23 last year, closed today at $10.75, up 18.92 percent on the day.

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.


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