NEW YORK (TheStreet) -- Shares of Monster Worldwide (MWW), which runs the job search site Monster.com, were soaring 25.21% to $7.38 on Thursday after the company reported fourth-quarter earnings that surpassed analysts' expectations.
Monster reported that its non-GAAP earnings for the quarter totaled $10 million, or 11 cents a share. This beat analysts' EPS estimate of 10 cents a share. The company also posted revenue of $199 million, down from $211 million in the same period a year earlier but up from $197 million in the third quarter. Analaysts were looking for fourth-quarter revenue of $195.59 million.
Monster also repurchased $46 million of stock in the quarter.
"We are pleased with our fourth quarter financial results as we delivered sequential revenue growth in North America and Europe reflecting increased demand for Monster's products," said Chairman, President and CEO Sal Iannuzzi in the company's statement. "We were encouraged that the momentum we saw in the second and third quarters of 2013 in North America and parts of Europe accelerated in the fourth quarter, and we believe these positive sales trends will continue into 2014."
TheStreet Ratings team rates MONSTER WORLDWIDE INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about its 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, attractive valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and poor profit margins."