Stuart Gentle Publisher at Onrec

HotJobs beats loss estimate - 11/2000

Beat Wall Street estimates by a penny

Internet-based job recruiting company Inc. reported a third-quarter loss that beat Wall Street estimates by a penny, and said its fourth quarter loss will also be one cent better than expectations.

The New York-based company said its third quarter net loss, excluding non-cash charges and goodwill, was 21 cents per share.

HotJobs also said in a release it expects fourth quarter revenues to rise 6 to 8 percent from third quarter revenues of $28.8 million.

Consensus estimates for fourth quarter are a net loss of 21 cents, according to research firm First Call/Thomson Financial.
Shares of HotJobs last traded at $16-1/8 on Nasdaq, having fallen from a 52-week high of $48 but above a low of $6-7/8.