Monster Worldwide (MWW) was also seeing earnings-related weakness in late trades. The online job classifieds company posted an in-line adjusted profit for the fourth quarter ended in December but fell short on the top line with revenue of $258.3 million vs. Wall Street's estimate of $262.4 million.
The stock fell 3.7% to $20.60 on volume of almost 570,000 in after-hours trades. For the first quarter, Monster forecast adjusted earnings of 1 to 4 cents a share, hinting at downside to the current analysts' view of 3 cents a share. Monster shares are up more than 30% over the past 52 weeks, hitting a 52-week high of $25.90 on Jan. 7.
And finally, Microsoft (MSFT) was heavily traded in the late session with 6.6 million shares changing hands but the stock hardly moved, dipping a dime to $28.77 after the Dow component blew past Wall Street's expectations with its fiscal second-quarter results.
The software giant posted net income of $6.63 billion, or 77 cents a share, for the December quarter as revenue reached $19.95 billion, well beyond the consensus view of $19.15 billion.The launch of the Kinect game sensor product was a huge driver for the revenue outperformance as the company said it sold 8 million Kinect units and saw a boost in sales of its Xbox gaming system. --Written by Michael Baron in New York.
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