Monster Misses 1Q Revenue Expectations But Earnings Match

Monster Worldwide Inc. missed first-quarter revenue expectations while earnings matched, citing mixed results in North America. Earnings rose to $1.8 million, or two cents per share, from $0.8 million, or nine cents per share, in the same period a year ago. Adjusted earnings per share were 7 cents, compared with the FactSet consensus of 7 cents. Revenue declined to $157.8 million from $172.9 million, below the FactSet consensus of $159. million. For 2016, the company expects second-quarter EPS of breakeven to 4 cents, around the FactSet consensus of two cents. As part of a $75 million share buyback program beginning in October, the company bought back $3 million in shares in the first-quarter.