The company is expecting third-quarter outcome in the range of a loss of 2 cents a share to earnings per share of 2 cents on revenue of $218 million to $228 million. Analysts on average have been expecting break-even earnings for the third quarter on revenue of $230.10 million.
For the full year, Monster is expecting a loss of 14 cents a share to a loss of 6 cents a share on revenue of $890 million to $925 million. The full-year consensus estimate has been a loss of 15 cents a share on revenue of $902.06 million.
Monster has reported a second-quarter loss of $2.96 million, or 2 cents a share, vs. a loss of $1.37 million, or a penny the previous year. Excluding items, the company would have reported break-even earnings per share. Revenue was $214.9 million vs. $223.1 million the previous year. On average, analysts were expecting a loss of 4 cents on revenue of $215.98 million.
Monster shares have jumped 2.5% to $13.66 in after-hours activity.
-- Reported by Andrea Tse in New York
Get more stock ideas and investing advice on our sister site,
Follow Andrea Tse on
and become a fan on
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.