Barron’s has a nice summary of Monster Worldwide’s most recent quarterly earnings report.
MONSTER DODGES JOBS DATA OVERHANG
Investors often take any disappointment with the government’s monthly jobs report out on employment-service providers like Monster Worldwide. But not this time. Monster (MNST) got the jump on any prospective carnage by coming through with a better-than-expected fourth-quarter profit performance. Though North American sales have been difficult – difficult enough that management has declined to offer any guidance for the year – international operations have shown above-trend growth. Executives also took on the listless U.S. backdrop directly, saying it wasn’t going to ”wait until the recession is over” in order to improve fundamentals.
I’m not alone in being surprised they beat The Street’s expectations, but it’s pretty clear that without burgeoning overseas markets, the outlook wouldn’t be quite as rosy.
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