Friday, April 5, 2013

Monster Worldwide Has Monster Quarter; Shrs Rally After Hours

Well, okay, “monster quarter” maybe is a bit of an exaggeration, but it made for a good headline, no?

Monster Worldwide (MWW) shares spiked after hours on better-than-expected Q3 results.

For the quarter, the company posted revenue of $229 million and a non-GAAP profit of 2 cents a share, ahead of the Street at $226.5 million and a penny a share. The online jobs board said� bookings in the quarter were up 26% from a year ago.

For Q4, Monster sees revenue of $258 million to $272 million, above the Street at $251.8 million. The company sees non-GAAP profits of 4-8 cents a share; the Street has been expecting 5 cents. Monster sees bookings in Q4 up 26%-32% from a year ago.

For the full year, Monster expects revenue of $919 million to $933 million, with a loss of 5-9 cents a share; the Street has been projecting $908.5 million and a loss of 9 cents.

For 2011, the company sees revenue and bookings growth in the 20%-25% range.

MWW in late trading is up $1.51, or 10.5%, to $15.90.

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