Dice Holdings Earnings: Here’s Why Investors are Not Happy Now

Dice Holdings, Inc. (NYSE:DHX) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.45%.

Dice Holdings, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 7.14% to $0.13 in the quarter versus EPS of $0.14 in the year-earlier quarter.

Revenue: Rose 7.3% to $52 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Dice Holdings, Inc. reported adjusted EPS income of $0.13 per share. By that measure, the company beat the mean analyst estimate of $0.12. It missed the average revenue estimate of $52.19 million.

Quoting Management: Scot Melland, Chairman, President and CEO, said, “We continue to make strategic progress strengthening our market position. Most notably, we’ve continued to grow our communities, drive growing usage of our Open Web technology and extend our tech recruiting business outside of North America. During the quarter, the number of customers regularly using Open Web increased again, as did the number of searches and profile views. In transforming our products, we believe the Company will be well-positioned for long-term growth.”

Key Stats (on next page)…

Revenue increased 3.09% from $50.44 million in the previous quarter. EPS increased 8.33% from $0.12 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.15 and has not changed. For the current year, the average estimate is a profit of $0.56, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)