Monster Worldwide, Inc. announced unaudited consolidated earnings results or the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $211,986,000, operating income of $845,000, loss before income taxes and loss in equity interests of $423,000, income from continuing operations of $11,118,000 or $0.10 per basic and diluted share and net income of $4,984,000 or $0.04 per basic and diluted share compared to revenue of $233,750,000, operating income of $714,000, loss before income taxes and loss in equity interests of $749,000 income from continuing operations of $13,355,000 or $0.11 per basic and diluted share and net income of $3,742,000 or $0.03 per basic and diluted share a year ago. Operating income before depreciation, amortization, and non-cash restructuring was $24,518,000 compared to $31,214,000 a year ago. Net cash used in operating activities was $8,637,000 compared to net cash provided by operating activities of $21,247,000 a year ago. Capital expenditures were $9,149,000 compared to $12,700,000 a year ago. Non-GAAP operating income was $15,387,000 compared to $19,632,000 a year ago. Non-GAAP income before income taxes and loss in equity interests was $14,119,000 compared to $18,169,000 a year ago. Non-GAAP net income was $8,719,000 or $0.08 per diluted share compared to $11,528,000 or $0.10 per diluted share a year ago. Non-GAAP revenue was $211,986,000 compared to $211,986,000 a year ago. Non-GAAP income from continuing operations revenue was $233,750,000 or $0.08 per diluted share compared to $11,528,000 or $0.10 per diluted share a year ago. The company provided EPS guidance for the second quarter of 2013. For the quarter, EPS from continuing operations is expected to be in the range of $0.06 to $0.10.

Monster Worldwide, Inc. (NYSE:MWW) announced that strategic review was designed to consider a number of internal options as well as the potential sale of Monster Worldwide's in order to enhance shareholder value. The strategic alternatives review also included a comprehensive analysis of the Monster Worldwide's competitive position and concluded that the product portfolio powered by semantic search offers a compelling value proposition. As a result, Monster Worldwide's is developing a number of key initiatives that are expected to be introduced over the next 6 months.

Monster Worldwide, Inc., Q1 2013 Earnings Call, May 02, 2013