Monster Shares Turn Scary As Guidance Misses Expectations

Monster Worldwide (MWW) shares are trading sharply lower on disappointing financial guidance.

For Q1, the company reported revenue of $215 million and a non-GAAP loss of 14 cents a share, ahead of the Street at $212.6 million and a loss of 16 cents.

But for Q2, the company sees revenue of $210 million to $220 million, and a loss of 2-6 cents a share, which is short of the Street at $221.1 million and a loss of 2 cents.

For the full year, the online jobs site sees revenue of $890 million to $925 million, and a loss of 12-20 cents a share; the Street has been forecasting $899 million and a loss of 14 cents.

MWW in late trading is down $1.79, or 10%, to $16.10.