51job Stock Earns This Week's All-Time High
Shares of 51job (NASDAQ: JOBS) hit a new all-time high on Wednesday, earning it on Thursday by posting another period of accelerating revenue growth. The Shanghai-based provider of online recruitment services came through with its strongest top-line growth since 2011 -- on widening margins to boot.
Revenue at 51job rose 20.3% to $99.3 million for the third quarter, well ahead of the $93 million to $95.9 million that it was targeting back in May. You have to go all the way back to the fourth quarter of 2011 to find the last time that year-over-year growth has risen north of 20%.
The pace of 51job's revenue growth continues to accelerate. We've seen the year-over-year upticks go from 10.2% during last year's second quarter to 13.3%, 13.6%, 16%, and now 20.3% in subsequent periods.
Source: Fool.com
