Monster Worldwide 4Q profit up on sales |
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Thu, 01 Feb 2007 13:42
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NEW YORK (AFX) - Online job site operator Monster Worldwide Inc. said Thursday that a jump in revenue from its Monster Careers unit pushed its fourth-quarter profit up 8 percent.Net income rose to $39.1 million, or 30 cents per share, versus $36.1 million, or 28 cents per share, in the year-ago period.Analysts surveyed by Thomson Financial forecast fourth-quarter earnings of 33 cents per share.Revenue for the quarter grew to $298.6 million, up 33 percent from $223.8 million in the previous year. Consensus estimates put revenue at $296.4 million.Sales at the company's Monster Careers unit surged 34 percent to $258.3 million, driven by international revenue growth of 63 percent and a 22 percent gain in North America. Revenue from internet advertising and fees rose 31 percent.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Monster acquires Norway company 