Why 51job's Shares Jumped
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of human resources company 51job (NAS: JOBS) rose 20% today after releasing second-quarter earnings.
So what: Management said that revenue rose 8.4% to $56.7 million and income from operations increased 8.8% to $18.6 million, or $0.66 per share on an adjusted basis. Analysts only expected earnings per share of $0.57.
Now what: The company is still struggling with economic uncertainty in China, but the results were up nonetheless. Management said that third-quarter revenue would be between $55.9 million and $58.2 million and earnings per share would be $0.61-$0.66, both above analyst estimates. I'm still wary of China's economy so I'm not buying in today, but the results are encouraging for shareholders.
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The article Why 51job's Shares Jumped originally appeared on Fool.com.Fool contributorTravis Hoiumdoes not have a position in any company mentioned. You can follow Travis on Twitter at@FlushDrawFool, check out hispersonal stock holdingsor follow his CAPS picks atTMFFlushDraw.Motley Fool newsletter serviceshave recommended buying shares of 51job. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.