Market Updates
Ziprecruiter Swings to Profit On Lower Expenses
Scott Peters
16 Aug, 2022
New York City
Ziprecruiter Inc dropped 7.3% to $19.45 after the online employment website operator said second quarter revenues increased 31% to $239.9 million.
The company swung to net income of $13.1 million from a loss of $53.3 million a year ago. Diluted earnings per share were 11 cents compared to a loss of 55 cents.
Ziprecuiter stock declined after the company said during the conference call with investors that the demand for employees began to soften towards the end of the quarter.
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