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financials RSS feed Tag: financials

LinkedIn Buys Job Matching Company as It Plans for Jobs Posting Boom

by
John Zappe
Feb 6, 2014, 7:22 pm ET

4th Q job board financials 2013LinkedIn made a sort of history today. For the first time since going public three years ago the company’s stock price dropped even though LinkedIn beat Wall Street’s expectations for earnings and revenue, and, for good measure, announced it had acquired a fast-growing matching-based job board for not much cash.

Reporting its fourth-quarter financial performance after the markets closed this afternoon, LinkedIn said it earned 39 cents a share on revenue of $447.2 million. The company simultaneously announced it had acquired Bright.com, a two-year-old startup that matches jobs to seekers by scoring the latter on how well they fit the position.

The $120 million price will only require LinkedIn to come up with about $36 million in cash, a pittance for a company with $803 million in the bank. The balance will be in LinkedIn stock, which, after dropping more than 7 percent in after-hours trading, is now around $207 a share. keep reading…

Monster: ‘Increasingly Optimistic’ as Company Reports Strong 2013 Finish

by
John Zappe
Feb 6, 2014, 10:14 am ET

Monster logo 2011Global job board operator Monster Worldwide reported a stronger finish to 2013 than analysts were expecting, beating their average earnings estimate by 5 cents a share and their revenue estimate by $3.4 million.

The company reported this m0rning it earned 11 cents per share versus the 6 cents a share analysts were predicting. Monster also offered a rosier outlook for the current quarter, forecasting it would earn between 6 cents and 10 cents per share.

Wall Street liked what it heard, bidding up the stock by more than 20 percent to $7.13 a share just after the opening. keep reading…

Dice Beats on Revenue and Offers Optimistic Forecast

by
John Zappe
Feb 4, 2014, 1:18 pm ET

Dice Holdings 2013Despite missing on earnings, investors gave Dice Holdings a bye this morning, liking the revenue numbers it posted for the fourth quarter of 2013 as well as what the company sees for this year.

Some slowing in the niche job board company’s security clearances jobs site (ClearanceJobs.com) was more than offset by gains in other areas, and by contributions from the sites Dice acquired when it bought onTargetjobs last fall and the IT Job Board in July. Improvement in the finance sector in Europe and Asia staunched the decline in revenue at eFinancialCareers.

“In the fourth quarter, we delivered better revenue and profitability than we thought we would in October, particularly from improvement in our finance segment,” said Dice CFO, John Roberts. keep reading…

For $50 Million Dice Adds Hospitality, Life Sciences to Its Holdings

by
John Zappe
Nov 7, 2013, 6:41 pm ET

Dice HoldingsBroadening its reach in healthcare and gaining a foothold in the hospitality job market, Dice Holdings today announced it acquired OnTargetJobs.

OnTargetjobs logoThe $50 million acquisition adds three key niche sites — Biospace (life sciences), HEALTHeCAREERS (healthcare), and Hcareers (hospitality) — to Dice’s growing portfolio of small but important niche players.

The company’s best known site is of course its career site for the tech industry Dice.com. In the last few years, however, Dice has expanded into energy and healthcare and added to its tech holdings buying Slashdot, SourceForge, and, most recently, UK-based The IT Job Board. The company already owned eFinancialCareers and JobsintheMoney, having acquired them in 2006. keep reading…

Monster Posts Profitable Quarter Beating Wall Street Estimates

by
John Zappe
Nov 7, 2013, 2:28 pm ET

job board revenue 3rd q 2013For the first time in a while, the Monster had good financial news to report this morning. Not only did it swing to a profit in the third quarter, but it earned more per share than the analysts were predicting.

The global careers company reported earning $11.3 million during the quarter, which translates into 11 cents per share, not including one-time expenses, which are typically not counted in Wall Street earning analysis. Analysts had estimated the company would earn 8 cents a share.

In the same quarter last year, Monster lost $184.2 million, or $1.73 a share. Most of that was the result of the company’s sale at a loss of its ChinaHR careers operation and related expenses. keep reading…

LinkedIn Has Strong Quarter But Forecast Disappoints

by
John Zappe
Oct 29, 2013, 6:07 pm ET

LinkedIn 3rd Q 2013 revenueLinkedIn lost money in the third quarter, yet on an adjusted basis, it again soared past what the financial markets were predicting, earning 39 cents a share on revenue of $393 million. But what it said about the future sent its after-hours stock price down $8 a share.

Despite beating Wall Street’s third-quarter estimate of 32 cents on $385 million, LinkedIn said the fourth quarter would come in as much as $23 million below analysts’ expectations. In its third-quarter financial report, released just hours ago, the company said that it expects the quarter’s revenue to fall somewhere between $415 and $420 million. Analysts were looking for $438.1 million for the quarter and a total of $1.51 billion for the year.

However, it’s not unusual for LinkedIn’s forecast to underestimate — sometimes as much as a few points — what it actually delivers during a quarter. keep reading…

Market Hits Dice Over Third-quarter Performance

by
John Zappe
Oct 29, 2013, 4:12 pm ET

Dice Financials 3rd q 2013Dice Holdings, parent company of the tech career site Dice.com, took a big hit today after its third-quarter financial performance missed Wall Street’s expectations on both per share earnings and revenue.

The stock was down 15.6 percent at one point, putting it second among the worst performing securities. Its share price recovered some lost ground to close at $7.52, down 13.72 percent on the day. keep reading…

LinkedIn to Sell $1 Billion More in Stock

by
John Zappe
Sep 3, 2013, 5:13 pm ET

logo_linkedin_92x22What’s LinkedIn planning to buy?

The speculation that the giant, and hugely profitable, business network is planning to make a major acquisition began moments after it announced it was planning to sell $1 billion worth of stock.

In a filing this afternoon with the Securities and Exchange Commission, LinkedIn said it intended to use the money from the sale

…primarily for general corporate purposes, including working capital, further expansion of our product development and field sales organizations, international expansion, general administrative matters and for capital expenditures, including infrastructure. In addition, we may use a portion of the proceeds from this offering for strategic acquisitions of, or investments in, complementary businesses, technologies or other assets. keep reading…

LinkedIn Reports Big Quarter; Recruitment Surpasses Monster

by
John Zappe
Aug 1, 2013, 7:19 pm ET

linkedinLinkedIn this afternoon reported another amazing quarter, handily beating Wall Street’s expectations on every metric and surpassing Monster in recruitment revenue.

So consistent has LinkedIn’s money-making ability been since it went public two years ago, that the tech site All Things D described it today as “the Internet company that can seemingly do no financial wrong.”

The company reported earning 38 cents per share on 2nd quarter revenue of $363.7 million. Of that, recruitment accounted for 56 percent, or $205.1 million. A year ago, the company had recruitment revenue for the same quarter of $121.6 million. keep reading…

Monster Takes Down ‘For Sale’ Sign, Hinting at Big New Initiatives Ahead

by
John Zappe
Aug 1, 2013, 10:21 am ET

Monster logo 2011Efforts to sell all or part of Monster Worldwide have ended and the company is now focused on growing its business globally.

Monster’s Chairman and CEO Sal Iannuzzi told analysts this morning during a conference call reporting the company’s second-quarter financials, that “conversations did conclude” during the March-June period, which prompted Monster to resume its stock repurchase program.

The effort to sell Monster — technically a review of its “strategic alternatives” — was first announced in early 2012. Though multiple inquiries were made, and at least a couple competitors were rumored to have had talks, no purchase offer was ever made public. Monster did shutter some operations and sold its stake in ChinaHR.

Iannuzzi didn’t entirely put away the “For Sale” sign, noting that as a public company Monster is always ready to discuss opportunities. However, the company is now looking toward the future.

“We feel good about where we are,” Iannuzzi said, coyly telling analysts, “We have a number of very strategic initiatives on the way.” “I don’t want to be mysterious about it,” he said, but was, declining to offer all but the vaguest hint that these are “social and mobile initiatives.” keep reading…

Changes at the Top at Dice as Company Reports Mixed Financial Results

by
John Zappe
Jul 24, 2013, 12:58 pm ET

Dice HoldingsThe longtime CEO, president, and board chairman of Dice Holdings, Scot Melland, will step down from at the end of September. He will remain a member of the board of directors.

Melland will be succeeded as CEO and president by Michael Durney, who is currently the company’s chief financial officer and EVP of its industry brands group, responsible for its energy, financial, and health niche career sites.

Peter Ezersky, a company director since August 2005 and currently chair of the nominating and corporate governance committee, will become chairman of the board. He is managing principal of the investment firm Quadrangle Group, which is a major shareholder in the company and was one of the two company owners before Dice went public in 2007. keep reading…

Monster Beats Market, Gets Rewarded. LinkedIn Blasts Through and Loses 20 Percent

by
John Zappe
May 2, 2013, 7:55 pm ET

Job board revenue q1 2013Shares of LinkedIn and Monster moved in opposite directions today, although both careers sites met or exceeded, or, in the case of LinkedIn, blasted through, Wall Street’s expectations. Monster was up; LinkedIn is sinking.

Both companies reported their first-quarter financial performance today.

Reporting before the market opened, Monster said it earned 8 cents a share on revenue of $212 million. It was the first time in seven quarters the company beat Wall Street’s revenue expectation, which was $210.5 million. That surprise, and the company’s announcement it may buy back up to $200 million of its stock, drove the price up almost 9 percent.

LinkedIn reported earning 45 cents per share on revenue of $325 million. That was 15 cents higher than Wall Street’s estimates average of 31 cents per share earnings and well above its $317.1 million revenue estimate. What hurt the company was its Q2 forecast of revenue of $342 million to $347 million. Analyst estimates averaged out to $359.2 million. The stock lost 10 percent of its value in after hours trading. keep reading…

As Revenue Soars, LinkedIn Announces Plan to Raise Recruiter Rates

by
John Zappe
Feb 7, 2013, 6:26 pm ET

LinkedIn Revenue by product 2012LinkedIn didn’t so much beat Wall Street’s financial expectations, it shattered them.

The company earned 35 cents per share on revenue of $303.6 million. That was $24 million more than the average of analysts’ estimates and more than $11 million above the most optimistic projection. The average of their earnings estimates was 19 cents a share.

The numbers released this afternoon show LinkedIn brought in more total revenue for the year than did Monster and its fourth-quarter recruitment revenue alone was 90% above the same quarter in 2011. keep reading…

Monster Sells China Job Board and Says No Company Sale in Sight

by
John Zappe
Feb 7, 2013, 11:25 am ET

Monster LogoIn a financial conference call this morning that was largely devoid of much optimism, Monster officials announced the sale of most of its stake in ChinaHR, and said the company had pulled out of Brazil, Mexico, and Turkey.

It’s fourth-quarter revenues, also reported this morning, of $211.2 was nearly on target with analysts’ average estimate of $212 million, while earnings per share, after adjusting for expenses associated with the company’s restructuring and sales, were 8 cents, in line with estimates.

For the year, Monster earned .38 cents a share, after adjustments. Without the adjustments, Monster lost 66 cents for the quarter, and $2.27 for the year.

By comparison, Dice Holdings Inc., owner of several niche job boards and technology networking sites, reported last week it earned 15 cents a share, a penny better than analysts expected. But profit was down 14% over the fourth quarter in 2011. Revenue, however, grew 11% to $52.7 million on the strength of acquisitions the company has been making. keep reading…

Layoffs At Monster Worldwide

by
John Zappe
Dec 5, 2012, 10:49 am ET

Monster Worldwide laid off an undisclosed number of workers Tuesday, and closed its operations in Brazil and Mexico.

One report put the number at 800, while a Twitter post simply described it as “massive.” keep reading…

Monster To Sell ChinaHR As It Announces Restructuring

by
John Zappe
Nov 8, 2012, 10:49 am ET

Careers site operator Monster Worldwide is announcing this morning a corporate restructuring that will have the company pulling back from some of its global markets, particularly China where it be looking to sell its ChinaHR job site.

Company officials discussed the restructuring this morning in a conference call with investment analysts after releasing Monster’s 3rd quarter financials showing revenue down in every category, but still managing to earn 9 cents a share exclusive of one-time expenses.

The bad news in the financial report is that revenue was down almost 11 percent overall, with the biggest hit coming from operations outside North America. Revenue there was down 15.3 percent. But even in North America revenue declined, down 6.3 percent. In contrast, CareerBuilder reported it grew its North American revenue by 5 percent to $169 million. keep reading…

LinkedIn Turns a Profit As It Handily Beats Wall Street

by
John Zappe
Nov 1, 2012, 6:12 pm ET

LinkedIn knocked it out of the park again, reporting third-quarter profit on revenue of $252 million. Not only was that 81 percent over last year’s revenue, it blew right through analysts’ average estimate of $244 million.

The remarkable revenue growth swung the company from a third-quarter loss last year to earnings of 2 cents a share. After adjustments for certain non-operating expenses, LinkedIn earned 22 cents a share., which is almost four times similarly adjusted per share earnings last year.

The results, released after the stock market closed, sent LinkedIn’s shares up more than $8 a share, in after-hours trading. It closed in New York down slightly on the day to $106.85.

Revenue from recruitment alone nearly doubled, growing 95 percent from last year to $138.4 million. It’s the largest share of LinkedIn’s revenue, accounting for 55 percent. keep reading…

Dice Says Acquisitions, Product Enhancements Will Fuel Company Growth

by
John Zappe
Oct 24, 2012, 3:26 pm ET

Propelled by its flagship tech site, Dice Holdings this morning delivered a financial report so strong it sent the company’s stock up 12 percent.

The company, the first of the publicly traded career sites to report, said it earned 17 cents per diluted share. That beat Wall Street’s average estimate of 12 cents. Dice also reported revenue of $48 million, an increase of 2.6 percent over the same quarter last year and a million more than analysts were expecting.

CareerBuilder, which is privately held, voluntarily reported revenue of $169 million from its operations in North America. That’s a 5 percent increase over the third quarter of 2011. The company doesn’t release other revenue numbers or earnings. LinkedIn will report on Nov. 1.

Monster, curiously, has yet to set a date for release of its numbers. Typically, the company would have done that by now. It also would typically report its numbers this week. There were rumors of a possible sale to (among others) the German media company Axel Springer. The company denied the reports this week.

Dice Holdings, meanwhile, is looking ahead to a strong finish to the year, and product improvements and growth next year. keep reading…

With $17 Million in New Investments, What’s Up WIth HireVue?

by
John Zappe
Aug 31, 2012, 3:59 pm ET

HireVue, the video interviewing company, got $22 million the other day, a combination of $17 million in new investment and $5 million in an expansion of its credit.

The announcement of the new funding says it “will be focused on strategic investments in research and development, sales and marketing, client services, and global expansion.”

The $22 million, plus $6 million HireVue raised in two previous rounds, gives the 60-person company a big chunk of change. Exactly what it will be used for wasn’t explained in the announcement, and when I asked, here’s what I was sent:

HireVue also plans to increase headcount in solution development, sales and marketing and customer success to maintain its position as the leader in the digital interviewing category.

Kevin Marasco, HireVue’s CMO, offered more detail in a conversation today. HireVue already has such global, blue-chip companies as Walmart, Starbucks, Conoco/Phillips, and Rio Tinto, so a logical step is to move into Europe and Asia/Pacific, he said, mentioning Australia, India, and China.

HireVue, though, is quickly becoming more than a provider of virtual recruiting services. Its digital platform can be used — and is by some of its clients — to deliver company and branding videos to candidates. Some are already using the digital video capabilities for internal conferencing, and candidate onboarding. Marasco explained that other “extensions of the application” for training and leadership are likely.

Video recruiting is a crowded space, with at least a couple dozen companies offering video interviewing services, which tells you that online video interviewing is growing, and not a tough field to enter. In fact, anyone with a webcam (and that’s almost everyone these days) can load Skype and conduct a live interview for free. keep reading…

After a Strong Q2, LinkedIn Raises Outlook For the Year

by
John Zappe
Aug 2, 2012, 7:42 pm ET

Down on the day. Up on the evening. If they’re not drinking champagne at LinkedIn HQ they should be. Not only did the company meet the optimistic 16-cent-a-share earnings estimate of Wall Street, it blew through the revenue guess, beating the $216 million estimate by a cool $12.5 million.

Net profit was lower than last year’s second quarter, because the company is spending at a faster pace as it aggressively grows domestically and especially abroad. Sales and marketing was the fastest growing expense category, more than doubling in cost.

But that spending, company officials say, is powering the expansion of the client base, which increased by some 1,600 customers during the second quarter, and prompted them to raise both their revenue and earnings expectations for the current quarter and the full year. keep reading…