monster worldwide inc (MWW) Snapshot

Monster Worldwide, Inc. announced that Angela Calzone has joined as senior vice president, talent resources and organizational development. In this role, Calzone will lead the agency's staff training and employee development efforts, as well as serve as a senior member of the firm's Executive Committee. Previously, Calzone was an executive director for The Schonbraun McCann Group.

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.