51job Q4 Results Top Estimates

(RTTNews) - 51job, Inc. (JOBS) reported net income for the fourth quarter of RMB81.3 million or RMB1.39 per share, compared to RMB155.3 million or RMB2.57 per share for the year-ago quarter.

Excluding items, adjusted earnings per share for the fourth quarter were RMB3.08 (US$0.50), compared to RMB2.89 in the fourth quarter of 2013.

Total revenues for the fourth quarter rose 11.9% to RMB528.6 million (US$85.2 million) from RMB472.4 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn US$0.43 per share on revenue of US$81.05 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts total revenues of RMB460 million to RMB480 million (US$74.1 million to US$77.4 million) and adjusted earnings per share of RMB2.10 to RMB2.30 (US$0.34 to US$0.37). Analysts currently expect the company to earn US$0.36 per share on revenue of US$75.68 million for the first quarter.