Monster Worldwide (MWW) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.07 EPS for the quarter. Analysts had a consensus estimate of $0.07. The company posted revenue of $157.79 million in the period, compared to analysts expectations of $159.85 million. The company’s revenue was down -8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Many Wall Street Analysts have commented on Monster Worldwide. Shares were Downgraded by FBR Capital on Feb 11, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 3.50 from a previous price target of $8 .
Monster Worldwide closed down -0.14 points or -4.38% at $3.06 with 26,12,990 shares getting traded on Wednesday. Post opening the session at $3.17, the shares hit an intraday low of $3.01 and an intraday high of $3.25 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 18, 2016, Gillian Munson (director) purchased 10,000 shares at $2.91 per share price. According to the SEC, on Feb 16, 2016, Timothy T Yates (CEO) purchased 25,000 shares at $2.93 per share price. On Nov 18, 2015, Michael Connolly Miller (EVP, GC and Secretary) sold 8,144 shares at $6.15 per share price, according to the Form-4 filing with the securities and exchange commission.
Monster Worldwide Inc. is engaged in connecting people to jobs. The Company offers services in over 40 countries providing job seeking career management recruitment and talent management capabilities. The Company operates in three segments: Careers-North America Careers-International and Internet Advertising & Fees. The Company’s Careers North America and International segments works by connecting employers with job seekers at various levels and by providing searchable jobs and career management resources online in North America Europe and Asia markets. Its Internet Advertising & Fees business operates a network of Websites that connect companies to targeted audiences. Its services and solutions include: searchable job advertisements; resume database access; recruitment media solutions through its advertising network and partnerships; Twitter Cards and social job distribution; social profile aggregation and other career-related content.