Updated from 8 a.m.
surged 13% after posting a solid fourth quarter and guiding toward an in-line 2006 performance.
The New York-based online jobs company made $35 million, or 28 cents a share, from continuing operations, up from the year-ago $22 million, or 18 cents a share. Revenue rose to $267 million from $215 million a year earlier. Analysts surveyed by Thomson First Call were looking for a 28-cent profit on revenue of $264 million.
"We are very pleased to report a strong finish to another outstanding year for Monster Worldwide. Our solid financial performance for the fourth quarter and throughout the year directly reflects our ability to deliver effective and innovative solutions for a growing list of small, medium and global customers and job seekers," said CEO Andrew J. McKelvey. "The combination of Monster's talented, experienced sales force worldwide and the Company's expanding presence in overseas markets contributed to our strong revenue growth. Overseas, Monster's organic revenue growth rate improved for the second quarter in a row, with International growing 46% year to year. In North America, we continued to attract thousands of new customers each month, while deepening our relationships with the nation's largest employers. Our singular focus is on continuing to develop and expand our industry while delivering strong, consistent financial results that drive shareholder value. We are confident that our industry knowledge and operational expertise will enable us to build on our leadership position this year and in the years ahead."
Monstser said it expects to make 26 or 27 cents a share for the first quarter and $1.21 to $1.26 for the year, in line with the Thomson First Call estimates.
At midday, Monster rose $5.29 to $47.82.