August 2, 2012 / 11:45 AM / 5 years ago

Monster Worldwide forecasts weak third quarter

1 Min Read

Aug 2 (Reuters) - Online recruitment firm Monster Worldwide Inc forecast weak third-quarter results citing weakness in Europe, and said its strategic alternatives process was proceeding as planned.

The parent of Monster.com expects to earn between 2 cents to 7 cents per share, in the third quarter, compared with analysts' expectation of 9 cents per share, according to Thomson Reuters I/B/E/S.

The company expects revenue to decline 6 to 12 percent and bookings to be flat to down 10 percent.

Monster on Thursday reported an adjusted second-quarter profit of 6 cents per share, which was in line with analysts' estimates.

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