Monster Worldwide Posts Profit In Q3, To Buy Back Shares

(RTTNews) - Monster Worldwide, Inc. (MWW), a provider of online and mobile employment solutions, Thursday said its third-quarter attributable net income was $10.42 million or $0.11 per share, compared to a loss of $1.7 million or $0.02 per share last year.

Earnings per share from continuing operations was $0.10 per share, compared to loss per share of $0.03 last year.

Adjusted earnings totaled $0.04 per share last year. On average, 10 analysts polled by Thomson Reuters expected earnings of $0.10 per share for the quarter. Analysts' estimates typically exclude special items. Revenue declined to $167.08 million from last year's $179.59 million. Analysts expected revenues of $176.53 million.

Looking ahead, fourth-quarter adjusted earnings per share from continuing operations is expected to be in the range of $0.10 to $0.14. Analysts look for earnings per share of $0.13.

Further, the company's Board of Directors has authorized a $75 million share repurchase program over a period of 24 months. The company intends to repurchase shares under the new authorization as a percentage of future generated free cash flow, which can be adjusted periodically.