DHX - Why DHI Group Stock Is Falling Today
DHI Group (NYSE: DHX) posted solid fourth-quarter results, but investors were more focused on the tepid guidance for 2023. Shares of the tech-focused staffing company traded down more than 20% on Wednesday following its earnings release.
DHI provides software, online tools, and talent acquisition services with a heavy emphasis on the tech industry. The company has enjoyed rapid growth in recent years, with shares up more than 240% since 2018 heading into earnings season.
The most recent results are causing the stock to give back some of those gains. DHI Group reported fourth-quarter adjusted earnings per share of $0.01 on revenue of $39.8 million, basically in line with the breakeven earnings on revenue of $39 million analysts had expected.
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Why DHI Group Stock Is Falling Today