DHI Group cuts Q3 EPS view to 10c from 11c-12c, may not compare to consensus 3c
Cuts Q3 revenue view to $56M from $57.5M-$58.5M, may not compare to consensus $48.81M. The differences from the third quarter 2016 outlook issued on July 27, 2016 in conjunction with second quarter 2016 results are primarily due to lower than expected sales of traditional recruitment products in our core talent acquisition brands, slower than expected adoption of new pay-for-performance products, changes in customer usage patterns - specifically in healthcare - and slowness related to ongoing uncertainty around Brexit. We believe these factors will continue to impact our business in the fourth quarter. The Company will provide an update on its business operations and full-year 2016 outlook when it reports full third quarter 2016 results. In addition, the Company will provide an update on the business strategy review it has undertaken over the past few months.