NEW YORK (TheStreet) -- Shares of Monster Worldwide (MWW) are diving 14.38% to $2.62 on heavy trading volume late Thursday morning, after the Weston, MA-based company reported weaker-than-expected revenue for the 2016 first quarter and provided downbeat guidance.

Before the opening bell, the online job search company said revenue declined by 9% to $157.8 million year-over-year. The results were below analysts' estimates of $159.9 million.

Earnings of 7 cents per share matched Wall Street's projections.

"While results in our North America business in the first quarter were mixed, we have experienced improving trends in our European business for the third consecutive quarter," CEO and CFO Tim Yates said in a statement.

"Additionally, we repurchased both equity and a portion of the convertible notes outstanding, demonstrating our confidence in our business," he added.

For the second quarter, Monster sees earnings per share between break-even and 4 cents, missing forecasts. Analysts are looking for earnings of 7 cents per share.

About 3.45 million of the company's shares were traded so far today compared to its average volume of 1.46 million shares per day.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.

The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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

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