S&P 500 (NYSE:SPY) component Monster Worldwide, Inc. (NYSE:MWW) reported its results for the second quarter. Monster Worldwide, Inc. provides global online employment solutions and services in at least 50 countries around the world.
Monster Worldwide Earnings Cheat Sheet for the Second Quarter
Results: Swung to a profit of $11 million (9 cents per diluted share) in the quarter. The advertising agency had a net loss of $3 million or a loss of 2 cents per share in the year earlier quarter.
Revenue: Rose 25.6% to $270 million from the year earlier quarter.
Actual vs. Wall St. Expectations: MWW beat the mean analyst estimate of 8 cents per share. Analysts were expecting revenue of $266.1 million.
Quoting Management: Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said, “We are pleased with our financial performance and solid execution in the second quarter. Bookings in our core careers business increased 30% year over year, despite a challenging macro environment. This strong performance is a testament to the breadth of our product portfolio, global scale and large seeker audience.”
Revenue has risen the past four quarters. Revenue increased 21.4% to $261.4 million in the first quarter. The figure rose 19.7% in the fourth quarter of the last fiscal year from the year earlier and climbed 6.7% in the third quarter of the last fiscal year from the year-ago quarter.
The company has now beaten estimates the last two quarters. In the first quarter, it topped expectations with net income of 5 cents versus a mean estimate of net income of 3 cents per share.
Competitors to Watch: DICE HOLDINGS, INC. (NYSE:DHX), 51job, Inc. (NASDAQ:JOBS), LiveDeal, Inc. (NASDAQ:LIVE), Hudson Highland Group, Inc. (NASDAQ:HHGP), ManpowerGroup (NYSE:MAN), Volt Information Sciences, Inc. (NYSE:VOL), Mastech Holdings, Inc. (AMEX:MHH), General Employment Enterprises, Inc. (AMEX:JOB).
(Source: Xignite Financials)