Monster Worldwide, which offers online employment solutions to users online, reported a sharp increase in quarterly earnings. Shares were up 25.50% on string revenue beating analyst estimates. Adjusted earnings came in at $0.02 per share, doubling analyst predictions of $0.01. Revenue was $228.8 million compared to the estimates of $226.5 million. Citigroup raised their target rating on Monster to buy after the announcement.
Monster helps to connect employers with job seekers by providing personalized career advice to consumers globally.