RTTNews | Aug 13, 2021 10:13AM EDT

10:13 Friday, August 13, 2021 (RTTNews.com) - Shares of ZipRecruiter Inc. (ZIP) are currently gaining over 4% on Friday morning after the company lifted its revenue outlook for the full year 2021.

ZIP is currently trading at $30.30, up $1.26 or 4.34%, on the NYSE. The stock has traded between $19.32 and $32.00 in the 52-week period.

Looking forward to the third quarter, the company now expects revenues of $182.0 million to $188.0 million. For the full year 2021, the company expects revenues of $651.0 million to $665.0 million, up from prior outlook of $588.0 million to $600.0 million. Analysts currently estimate revenues of $156.09 million and $595.27 million for the third quarter and full year 2021, respectively.

For the second-quarter, ZipRecruiter reported loss of $53.3 million or $0.55 per share, compared to net income of $15.6 million or $0.18 per share last year.

Revenues for the quarter surged to $183.0 million from $87.7 million last year.

Analysts polled by Thomson Reuters expected a loss of $0.22 per share on revenues of $160.4 million.

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