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What: Shares of human resources company 51job
So what: Management said that revenue rose 8.4% to $56.7 million and income from operations increased 8.8% to $18.6 million, or $0.66 per share on an adjusted basis. Analysts only expected earnings per share of $0.57.
Now what: The company is still struggling with economic uncertainty in China, but the results were up nonetheless. Management said that third-quarter revenue would be between $55.9 million and $58.2 million and earnings per share would be $0.61-$0.66, both above analyst estimates. I'm still wary of China's economy so I'm not buying in today, but the results are encouraging for shareholders.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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