RTTNews | Nov 11, 2021 10:14AM EST

10:14 Thursday, November 11, 2021 (RTTNews.com) - Shares of ZipRecruiter Inc. (ZIP) are gaining nearly 12% on Thursday morning driven by the online employment marketplace company's third-quarter results and outlook. ZIP is currently trading at $29.91, up $3.19 or 11.92%, on the NYSE.

Zip Recruiter's third-quarter net income attributable to common stockholders was $22.1 million or $0.17 per share, compared to $17.0 million or $0.19 per share last year. Revenues for the third quarter more than doubled to $212.7 million from $102.9 million last year.

Analysts polled by Thomson Reuters expected a loss of $0.06 per share and revenues of $193.11 million.

"ZipRecruiter delivered a record revenue quarter, as macroeconomic and hiring trends are strong. With demand for talent remaining high and job seeking activity still below pre-pandemic levels, our mission of actively connecting people to their next great opportunity has never been more important. It's against this unique macroeconomic backdrop that we're pleased to issue strong Q4 guidance and raise revenue and Adjusted EBITDA expectations for 2021," said Ian Siegel, CEO of ZipRecruiter.

Looking forward to the fourth quarter, the company now expects revenues of $203.0 million to $209.0 million. Analysts currently estimate revenues of $176.8 million for the quarter.

For the full year 2021, the company now expects revenues of $724.0 million to $730.0 million, up from prior guidance of $651.0 million to $665.0 million. Analysts currently estimate revenues of $667.57 million for the full year.

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