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Monster revenue increases, profit down

May 02 2008

Monster Worldwide Inc. (NASD: MNST) reported a 12.6% increase in first-quarter revenue to $370.4 million from $329.0 million in the same period in the previous year.

The job board company, however, said first-quarter net income fell 42.8% to $22.6 million from $39.5 million in the year-ago quarter.

The first quarter included $31 million in marketing costs in the company's effort to reposition its brand.

Monster Worldwide Inc. (NASD: MNST)
For the first quarter ended March 31, 2008, compared with the same period in 2007.
Revenue: $370.4 million, +12.6%
Net income: $22.6 million, -42.8%

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