Monster Worldwide Earnings: Here’s Why Investors are Disappointed Now

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(NYSE:MWW) had a loss and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 6.7%.

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Monster Worldwide Earnings Cheat Sheet

Results: Net loss increased to $73 million in the quarter versus a net gain of $10.91 million in the year-earlier quarter.

Revenue: Decreased 15.51% to $211.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Monster Worldwide reported adjusted net income of 8 cents per share. By that measure, the company met the mean analyst estimate of $0.08. It missed the average revenue estimate of $211.99 million.

Quoting Management: Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said, “During the fourth quarter, we implemented a series of actions designed to improve profitability and cash flow, consistent with our previously announced restructuring. As a leaner, more focused company, we are concentrating our resources on our core markets and are aggressively taking the steps necessary to strengthen our business. Our advanced product offerings, robust government business and a leading traffic position provide a solid foundation for future growth as the global economy recovers.”

Key Stats (on next page)…

Revenue decreased 4.74% from $221.71 million in the previous quarter. Net loss decreased 62.42% from $194.24 million in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.06 to a profit $0.08. For the current year, the average estimate has moved up from a profit of $0.2 to a profit of $0.31 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)