Friday, October 29, 2010

A Monster Quarter (NYSE:MWW)

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.

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