51job, Inc. (JOBS) Tops Q1 EPS by 14c

51job, Inc. (NASDAQ: JOBS) reported Q1 EPS of $0.73, $0.14 better than the analyst estimate of $0.59. Revenue for the quarter came in at $70.03 million versus the consensus estimate of $70.05 million.

Business Outlook

Based on current market conditions and factoring in the value-added tax ("VAT") policy change which will take effect on June 1 (as described below), the Company's revenue target for the second quarter of 2014 is in the estimated range of RMB440 million to RMB455 million (US$70.8 million to US$73.2 million). Excluding share-based compensation expense, any gain or loss from foreign currency translation, any period-end mark-to-market gain or loss associated with the convertible senior notes (as described below), and the expenses incurred for the issuance of the notes as well as the related tax impact of these items, the Company's non-GAAP fully diluted earnings target for the second quarter of 2014 is in the estimated range of RMB2.15 to RMB2.35 per common share (US$0.69 to US$0.76 per ADS). The Company expects total share-based compensation expense in the second quarter of 2014 to be in the estimated range of RMB20 million to RMB21 million (US$3.2 million to US$3.4 million).

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

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