Monster Worldwide (MWW) Tops Q1 EPS by 1c

Monster Worldwide (NYSE: MWW) reported Q1 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $184 million versus the consensus estimate of $187.06 million.

Monster Worldwide sees Q2 2015 EPS of $0.07-$0.11, versus the consensus of $0.08.

"Our first quarter profitability, cash flow and leverage metrics all exceeded our expectations," said Tim Yates, President and Chief Executive Officer. "The bookings momentum we saw in our core North American Careers segment continued from previous quarters with 6% year-over-year growth. While we are pleased with the recent bookings trends, and expect them to continue, revenue growth and sales execution continues to be a primary focus. We welcome the addition of Paul Forte, a veteran sales leader, as our new head of North American sales. Bookings in our International segment increased 2% on a constant currency basis. We are confident that our new strategic products combined with our traditional core products provide a superior competitive solution for our customers. Our EBITDA margins expanded to 14.7% and we are confident we will continue to improve margins going forward, and we remain on track to achieve our 18-22% target exiting this year's fourth quarter."

For earnings history and earnings-related data on Monster Worldwide (MWW) click here.

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