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Monster’s outlook disappoints analysts

Monster is the world’s largest online-recruiting company and it has its main offices in New York and Maynard, Mass. Monster is the world’s largest online-recruiting company and it has its main offices in New York and Maynard, Mass. (Istockphoto.Com)
May 1, 2011

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Monster Worldwide Inc., the job-search site, expects second-quarter earnings as low as 6 cents per share. That was below the 9-cent average estimate by analysts. Net income for the first quarter was break-even on a per-share basis, compared with a net loss of $24 million, or 20 cents a share, a year ago. First-quarter results include costs related to the acquisition of HotJobs. For 2011, earnings could be 36 to 48 cents per share.

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