DHI Group Q2 Profit Tops View, Revenues Miss; Cuts FY16 Forecast; CFO Resigns

(RTTNews) - DHI Group Inc. (DHX), a provider of data, insights and employment connections, reported Wednesday that its second-quarter net income declined 14 percent to $4.9 million from last year's $5.7 million. Earnings per share dropped 9 percent to $0.10 from $0.11 a year ago.

Revenues were $57.7 million, down 12 percent from last year's $65.8 million.

On average, 5 analysts polled by Thomson Reuters expected earnings of $0.08 per share on revenues of $58.67 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, for the third quarter, the company expects net income of $5.4 million to $6.0 million, earnings per share of $0.11 to $0.12 and revenues of $57.5 million to $58.5 million.

Analysts expect earnings of $0.14 per share on revenues of $61.43 million for the quarter.

For fiscal 2016, the company expects net income of $22.5 million to $24 million, earnings per share of $0.44 to $0.47 and revenues of $233 million to $237 million.

Analysts expect earnings of $0.43 per share on revenues of $240.90 million.

Previously, the company was expecting earnings of $0.44 to $0.47 per share on revenues of $240 million to $246 million.

Further, the company announced that John Roberts, Chief Financial Officer, will leave the company, effective August 31.

He has served as CFO of the Company since October 2013 with overall responsibility for the financial organization.

Roberts will continue to be employed by the Company through August 31 and will assist with the transition of his responsibilities. The company has begun a process to appoint a successor to Roberts and a further announcement will be made in due course.