NEW YORK (TheStreet) -- Monster Worldwide (MWW) shares are plunging 12.65% to $6.42 on Thursday after the job search company reported its third quarter 2015 earnings results that topped analysts' earnings forecasts but missed revenue predictions.
For the latest quarter, the company earned 11 cents a share on revenue of $167.1 million.
Analysts had predicted the company to earn 10 cents a share on revenue of $176.53 million.
In the same period the year before, the company earned 4 cents a share on revenue of $179.6 million.
In addition, the company gave a weak fourth quarter outlook--earnings are now expected to be between the range of 10 cents a share to 14 cents a share, down from analysts' estimates of 13 cents a share.
During the latest quarter, Monster Worldwide completed its remaining ownership stake in JobKorea, its South Korean operation, which was classified as a discontinued operation.
"Revenue was essentially flat as stronger than anticipated results from Europe were offset by weaker than expected results in North America," CEO Tim Yates stated.
Based in Weston, MA, Monster Worldwide provides online and mobile employment solutions.
Separately, TheStreet Ratings team rates MONSTER WORLDWIDE INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
We rate MONSTER WORLDWIDE INC (MWW) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, poor profit margins and feeble growth in its earnings per share.
You can view the full analysis from the report here: MWW