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February 4, 2010
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| 16:45 EDT |  | MWW |
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| 12:53 EDT |  | MWW |
| theflyonthewall.com: | Monster Worldwide tumbles following in-line results, HotJobs acquisition | | Monster Worldwide (MWW) which operates a jobs advertisement website, reported Q4 EPS of (1c), exactly in-line with analysts' consensus estimate. The company's revenue was slightly higher than expected. Meanwhile, Monster announced that it had entered into an agreement to acquire Yahoo's (YHOO) HotJobs online recruitment website for $225M in cash. As part of the deal, Monster agreed to provide Yahoo with career and job content for three years. Monster said the acquisition would be neutral to its 2010 EPS. "The proposed acquisition of HotJobs and the traffic agreement with Yahoo will allow Monster to add relevant job seekers efficiently while significantly expanding our customer base," said Monster CEO Sal Iannuzzi. "We are excited about our progress in building Monster as we enter 2010 and are confident we are well positioned to capture additional market share as the global economy recovers," the CEO added. In a note to investors, a Deutsche Bank analyst responded to Monster's results by downgrading the stock to Sell from Hold. The firm lowered its target on the shares to $11 from $12. In early afternoon trading, Monster sank $3.13, or 19.06%, to $13.29. :theflyonthewall.com |
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| 09:40 EDT |  | MWW |
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| 09:00 EDT | | MWW |
| theflyonthewall.com: | On The Fly: Analysts Downgrade Summary | | MOST NOTEWORTHY: Synaptics (SYNA), Western Union (WU) and Investment Technology Group (ITG) were today's noteworthy downgrades: JP Morgan downgraded Synaptics to Neutral from Overweight. The firm cites a lack of positive catalysts and margin concerns for the downgrade and lowered its target on shares to $31. BofA/Merrill downgraded Western Union to Neutral from Buy following the disappointing Q4 report and guidance. The firm cut its target to $20 from $24. Keefe Bruyette downgraded Investment Technology Group to Market Perform from Outperform following the company's weaker than expected Q4 results. The firm lowered its target on shares to $19...OTHER DOWNGRADES: Dreamworks (DWA) was cut to Neutral from Overweight at Piper Jaffray. Monster Worldwide (MWW) was downgraded to Sell from Hold at Deutsche Bank. Roche (RHHBY) was downgraded to Neutral from Buy at UBS. :theflyonthewall.com |
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| 06:26 EDT |  | MWW |
| theflyonthewall.com: | Monster Worldwide downgraded to Sell from Hold at Deutsche Bank | | Deutsche Bank downgraded Monster Worldwide to Sell following the company's Q4 results. The firm lowered its target on shares to $11 from $12. :theflyonthewall.com |
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February 3, 2010
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| 16:24 EDT | | MWW |
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| 16:22 EDT |  | MWW |
| theflyonthewall.com: | Monster Worldwide reports Q4 EPS (1c) vs. consensus of (1c) | | Reports Q4 sales $213.1M vs. consensus of $212.25M. :theflyonthewall.com |
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| 15:29 EDT | | MWW |
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February 2, 2010
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| 10:16 EDT |  | MWW |
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