NEW YORK (TheStreet) -- Monster Worldwide
(MWW - Get Report) stock is plummeting on Thursday after the company missed expectations on the top- and bottom-line in its first quarter.
By midafternoon, shares had tanked 22.4% to $5.35.
The job search engine earned 8 cents a share over the three months to March, a penny under expectations. Revenue of $198.15 million was 6.5% lower than the year-ago quarter and missed estimates of $200.9 million, according to analysts surveyed by Thomson Reuters.
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TheStreet Ratings team rates MONSTER WORLDWIDE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate MONSTER WORLDWIDE INC (MWW) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and feeble growth in the company's earnings per share."
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