Dice Bests 2nd Quarter Estimates

Jul 27, 2010
This article is part of a series called Financial.

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

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 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.

This article is part of a series called Financial.