Dice Posts Strong Q3; Boosts Outlook for the Year

Oct 30, 2014
This article is part of a series called Financial.

Dice Q3 2014Dice Holdings, publisher of multiple niche career sites including its flagship tech site, earned 18 cents per share on third quarter revenue of $67.6 million, besting Wall Street’s expectations on all fronts.

Issuing its quarterly financial report this morning, Dice said it grew revenue 29 percent over the same quarter last year and predicted it would end 2014 with total revenue in the range of $262.5-$263 million. That’s above Wall Street’s consensus estimate of $258.97 million, and above even the highest forecast of $262.10 million.

Investors rewarded the company’s performance by bidding up its stock price from Wednesday’s $8.61 close to $9.16 in early afternoon trading.

Most of the increase came from acquisitions the company’s made over the past year. From its initial focus on the tech sector, Dice has expanded into finance, energy, healthcare, and hospitality.

OilCareers, acquired in March 2014, contributed $2.0 million. HEALTHeCAREERS and BioSpace,  acquired a year ago, contributed $6.6 million. The hospitality careers site, Hcareers, accounted for $3.7 million.

LinkedIn is scheduled to report its third quarter results this afternoon. Monster will release its third quarter numbers November 4. CareerBuilder, privately held by media partners, has not yet released any numbers. The company typically releases only its revenue from North American operations. Last week, CareerBuilder’s majority owner Gannett Co. said the careers publisher grew revenue by 7 percent.

This article is part of a series called Financial.
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