Stock Watch: HotJobs Gains on Strong Q2

HotJobs.com Ltd. (Nasdaq: HOTJ) rose 13/16 to 17 Friday after the online job matching company reported better-than-expected results for the second quarter, with “more efficient spending” and a big jump in revenue fueling the gain.

The New York-based HotJobs said revenue for the quarter climbed 491 percent from a year earlier to $22.4 million. The loss before charges totaled 23 cents per share, 9 cents better than analysts expected.

President and Chief Executive Officer Richard Johnson called the results “outstanding.” The acquisition of Resumix added 400 new corporate clients to the company’s list of customers, which now includes 80 of the Fortune 100, he said.

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