Monster Worldwide Inc. (MWW) Finishes Higher after Q3 Results

Monster Worldwide Inc. (NYSE: MWW) shares rallied in today's trading after the company reported its third-quarter financial results. Shares ended the day 25.50% higher at $18.06 on above average volume of 20.98 million. The stock touched a 52-week high of $19.10. The stock has a 52-week range of $10.01-$19.10. Yesterday, the company announced third quarter fiscal 2010 results, with revenues at $229.0 million, an increase of 7% as compared to previous year. The revenues showed the growth due to increased bookings of 26% to $235.0 million, or 23% excluding HotJobs, and a sequential improvement in deferred revenue. The net loss was $5.7 million, or $0.05 per share, as compared to net income of $33 million, or $0.27 per share, in the third quarter of 2009, which included a favorable tax adjustment of $31.0 million, or $0.26 per share. The company expects the revenue in range of $258.0 – $272.0 for fourth quarter 2010 and $919.0 -$933.0 for full year 2010. The bookings are expected in range of $328.0 – $342.0 for fourth quarter 2010 and $990.0 – $1,004.0 for full year 2010. Monster provides a global online employment solution. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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