Monster Worldwide Soars On 3Q Earnings Report

Monster Worldwide, Inc. MWW reported financial results Tuesday for the third quarter ended September 30, 2014.

Total revenue was $191 million, above the average estimate of $189.88 million, down 3 percent percent compared to the third quarter of 2013.

Non-GAAP net income attributable to Monster was $5 million, or $0.05 per share, above estimates of $0.03 and below the $11 million, or $0.11 per share, reported in the third quarter of 2013.

Fourth quarter 2014 Non-GAAP EPS from continuing operations is expected to be in the range of $0.04 to $0.08, on the high end of estimates.  Fourth quarter Non-GAAP EPS will exclude approximately $7 million of stock-based compensation and approximately $1 million of non-cash debt discount amortization related to the convertible debt.

“Our third quarter results were better than expected, particularly in North America, as we continue to make significant progress on our new ‘All the Jobs, All the People’ strategy,” said Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide. “We introduced TalentBin by Monster, Monster Twitter Cards and Talent CRM in North America in July and in our top tier European countries in October. These exciting new products have been well received by the market and are gaining traction.”

Monster Worldwide, Inc. traded at $3.98 in the premarket, up 9.04 percent.