Monster Worldwide, Inc. (MWW) yesterday reported revenues of $215 million in the third quarter of 2009, down 35% year over year and down 3.7% sequentially. The company operates in three business segments: Careers North America, Careers International and Advertising & Communications. The revenue continues to be impacted by lower global demand for recruiting advertising services. Approximately 42% of revenues were generated from international operations and total revenue was negatively impacted by $7.4 million from unfavorable foreign exchange rates. Careers North America generated revenue of $95 million, down 39% year over year. Careers International revenue came in at $85 million, down 40% year over year. Internet Advertising & Fees generated revenue of $35 million, essentially flat over the $35 million reported in last year’s third quarter. Management stated that revenue and new business activity might have hit a bottom, but revenue continues to be challenged by ...

Earlier today, Monster Worldwide Inc. (MWW) came out with its monthly employment index – The Monster Employment Index. This index observes online job demand on a monthly basis, and it dipped slightly in September after an expected significant rise in August due to recruitment activity in late summer. Monster Worldwide is an online recruitment firm and the parent company of Monster.com, the leading career website in the world. The company, headquartered in New York, is also the largest advertising agency network for worldwide recruitment. The index observed that online labor demand in the mining, quarrying and oil/gas extraction industries rose for the third consecutive time in September due to recent hikes in energy and commodity prices, which might have accelerated hiring in the sector. The construction sector was stable, which indicates that the housing market might have reached a bottom. Online demand for blue-collar occupations ...

According to the latest news from Monster Worldwide Inc. (MWW), online job postings surged in August and registered the highest monthly gain in four years following slow hiring activity in summer. However, it was down 24% year over year. Monster World Wide is an online recruitment firm and the parent company of Monster.com, the leading career website in the world. The company, headquartered in New York, is also the largest advertising agency network for worldwide recruitment. Management stated that this surge in job postings indicates signs of improvement in the US economy, with the demand for managers and professionals as well as sales and office workers picking up. Online labor demand in the arts, entertainment and recreation industry rebounded from a historic low in July. Demand for staff in sales and commerce related industries also registered an increase in both retail trade and wholesale trade....

Monster Worldwide, Inc. (MWW) recently reported results for the second quarter, ended June 30. Revenues of $223 million were down 37% year over year and slightly short of Street estimate of $224 million. The unfavorable movement in foreign exchange rates adversely affected the top-line by $16 million.

Monster is an online recruitment firm and the parent company of Monster.com, the leading career website in the world. The company, headquartered in New York, is also the largest advertising agency network for worldwide recruitment.

On a non-GAAP basis (excluding pro forma adjustments related to deferred revenue fair value adjustment required under existing purchase accounting rules relating to the acquisition of China HR in October 2008), the company generated revenues of $223.7 million, down from $255.4 million at the end of the previous quarter. Excluding the effects from currency and the contribution from China HR, organic revenue declined 34% year over year.

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