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ZipRecruiter lifts guidance after q3 earnings beat

By Yasin Ebrahim 

Investing.com -- ZipRecruiter lifted its annual guidance Wednesday after third-quarter earnings topped Wall Street estimates as the online employment marketplace provider thrived in a tight labor market in which the battle to hire candidates remains intense. 

ZipRecruiter Inc (NYSE:ZIP) fell 1.6% in afterhours trading following the report. 

The company reported EPS of 17 cents a share on revenue of $227.0 million, compared with estimates for earnings of 4 cents on revenue of $232.8M. 

"Even amidst a volatile jobs environment we were able to deliver Adjusted EBITDA margin expansion due to the strength of our business model and disciplined investment strategy,” the company stated.

Looking ahead, the company guided full-year revenue in a range of $897M to $903M, above expectations for $886.97M.

The company also announced a $200M increase to its share repurchase program.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.