NEW YORK (TheStreet) -- Shares of Monster Worldwide (MWW) gained 8% to $4.86 Tuesday after the staffing and outsourcing company beat analysts' estimates for earnings in the fourth quarter.

Monster Worldwide reported earnings of 7 cents a share for the fourth quarter, above the Capital IQ Consensus Estimate of 6 cents a share for the quarter. Revenue fell 6.3% year over year to $186.2 million for the quarter, below analysts' estimates of $192.62 million.

The company said it expects earnings of 5 cents to 9 cents a share for the first quarter, compared to analysts' estimates of 7 cents a share.

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Monster Worldwide also announced its "Reallocate to Accelerate" restructuring program, which the company said will reduce its annual operating expense to $45 million from $83 million. The plan will cost between $18 million ad $23 million.

As part of the restructuring plan Monster Worldwide will lay off about 300 employees, or about 7% of its full-time staff.

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 unimpressive growth in net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

You can view the full analysis from the report here: MWW Ratings Report

MWW data by YCharts

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