NEW YORK (TheStreet) -- Shares of Monster Worldwide Inc. (MWW) are lower by -11.40% to $5.86 in early afternoon trading on Tuesday, following the company's 2014 second quarter earnings results which showed a decline in GAAP net-income to $7 million or 8 cents per share, compared to $13 million, or 12 cents per share for the year ago period.
Monster Worldwide, the parent company of Monster, an online job search platform, said total revenue fell 3% to $194 million versus $200 million for the 2013 second quarter.
Analysts polled by Thomson Reuters expected Monster to report earnings of 9 cents per share on revenue of $198.8 million.
Separately, TheStreet Ratings team rates MONSTER WORLDWIDE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their 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 good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins."
TheStreet's Whalen MacHale has more on Monster's Q2 results: