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Scary Guidance at Monster

Shares fall 4%.
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Updated from 6:26 a.m.

Monster Worldwide

(MNST) - Get Monster Beverage Corporation (MNST) Report

sank 4% after the online jobs company guided below Wall Street estimates for the year.

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The New York-based online jobs company made $40 million, or 31 cents a share, from continuing operations for the quarter ended Sept. 30, on revenue of $286 million. Monster didn't provide year-over-year comparison figures because it expects to restate earnings going back to 1997 as a result of a stock-option backdating probe that has already brought down longtime CEO Andrew McKelvey.

Analysts were looking for 31 cents on $285 million.

Monster said it expects to make 32 or 33 cents a share for the fourth quarter, including expenses tied to the options probe and to a corporate "right-sizing" effort that will cut costs. It targets revenue of around $294 million. Analysts were looking for 34 cents on $295 million.

Shares fell $1.63 to $40.29.