Monster Worldwide (MWW) Report Prelim. Q3 Revenue Drop of ~14%

October 6, 2016 7:36 AM EDT
Get Alerts MWW Hot Sheet
Trade MWW Now!
Join SI Premium – FREE

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

Monster Worldwide, Inc. (NYSE: MWW) provided a statement on its expected revenue for the third quarter ended September 30, 2016.

The Company expects revenue from continuing operations to be in the range of $143 million to $145 million. This result is down approximately 14% from third quarter 2015 revenue of $167.1 million.

"Q3 continued to be a challenging business environment," said Tim Yates, CEO, Monster Worldwide. "While we are gaining traction in North America as a result of our new product initiatives and pay per click business, the continued pressure on our core traditional product offerings combined with the weakness in bookings in prior quarters has resulted in a decline in third quarter 2016 revenue in North America of 16% on a year over year basis."

The Company intends to release complete results for the third quarter of 2016 on October 21, 2016.

As previously announced on August 9, 2016, Monster entered into a definitive agreement with Randstad under which Randstad will acquire Monster for $3.40 per share in cash. The transaction is expected to close during the fourth quarter of 2016.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Guidance, Hot Corp. News

Related Entities

Definitive Agreement, 14D9

Add Your Comment