51job, Inc. (JOBS) Misses Q1 EPS by 3c; Guides Q2 Below

51job, Inc. (NASDAQ: JOBS) reported Q1 EPS of $0.33, $0.03 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $73.99 million versus the consensus estimate of $76.55 million.

51job, Inc. sees Q2 2015 EPS of $0.36-$0.40, versus the consensus of $0.43. 51job, Inc. sees Q2 2015 revenue of $77.4-80.7 million, versus the consensus of $84.33 million.

Commenting on the results, Rick Yan, President and Chief Executive Officer of 51job, said, "As we expected, results for the first quarter were significantly impacted by the late Chinese New Year holiday in 2015. With a delayed start to the recruitment peak season, we were time constrained to recognize revenues in the first quarter, which we expect will push the realization of some peak season orders to the second quarter of this year. While recruitment activity has remained positive, we are, however, sensing more employer caution. We believe hiring patterns may see greater fluctuations this year as employers adapt and adjust to the reality of a slower economic growth environment in China. We are continuing to drive ahead with our strategic plan, focused on increasing market penetration with our customer acquisition efforts and introducing new products that will extend our service coverage and create new revenue opportunities for the long term."

For earnings history and earnings-related data on 51job, Inc. (JOBS) click here.

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