Revenue Update on Monster Worldwide(NYSE:MWW)

Monster Worldwide(NYSE:MWW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $150.91M. Analysts estimated a revenue of $156.87M. Earnings per share were $-0.02. Analysts had estimated an EPS of $0.03.

In a different note, On Jul 11, 2016, BMO Capital said it Downgrades its rating on Monster Worldwide. The shares have been rated ‘Market Perform’ by the firm.

Monster Worldwide (MWW) remained unchanged at the close of Wednesday session. Even as the volume increased to 14,11,939 ,the shares failed to make any impression and ended at 0 points or 0.00% at $3.43. The trading session commenced at $3.43 and the stock hit a high of $3.44 and touched $3.42 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $8.23 and the 52-week low is $2.13. The company has a market cap of $305 M and has approximately 8,90,64,938 outstanding shares.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, Michael Connolly Miller (EVP, GC and Secretary) sold 9,399 shares at $2.65 per share price.Also, On Feb 18, 2016, Gillian Munson (director) purchased 10,000 shares at $2.91 per share price.On Feb 16, 2016, Timothy T Yates (CEO) purchased 25,000 shares at $2.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Monster Worldwide Inc. is engaged in connecting people to jobs. The Company offers services in over 40 countries providing job seeking career management recruitment and talent management capabilities. The Company operates in three segments: Careers-North America Careers-International and Internet Advertising & Fees. The Company’s Careers North America and International segments works by connecting employers with job seekers at various levels and by providing searchable jobs and career management resources online in North America Europe and Asia markets. Its Internet Advertising & Fees business operates a network of Websites that connect companies to targeted audiences. Its services and solutions include: searchable job advertisements; resume database access; recruitment media solutions through its advertising network and partnerships; Twitter Cards and social job distribution; social profile aggregation and other career-related content.

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