Monster network in the fourth quarter revenue fell 2% will lay off 400 people

Beijing on January 27th news, according to foreign media reports, the large shareholders, the largest U.S. talent recruitment website Monster Thursday released its 2011 fourth quarter earnings. Reported that Monster fourth quarter revenue of $250 million, compared with $255 million in the same period last year fell by $10 million 900 thousand, net profit of $2%, higher than the same period last year, $500 thousand. Monster also announced that it will lay off 400 people worldwide, accounting for about 7% of the total number of employees.

in the fourth quarter ended December 31st, Monster’s revenue for the fourth quarter was $250 million, compared with $255 million in the same period last year fell by 2%. Monster fourth quarter net profit of $10 million 900 thousand, net profit of $500 thousand over the same period last year. Not in accordance with GAAP, Monster fourth quarter net profit of $13 million, earnings per share of $0.11. This performance is better than the same period last year, the fourth quarter of 2010, not in accordance with GAAP, Monster net profit of $7 million 100 thousand, earnings per share of $0.06. Monster fourth quarter results less than market expectations. Thomson Reuters survey, analysts on average had expected the market, not in accordance with GAAP, Monster fourth quarter diluted earnings per share of $0.12, $259 million in revenue.

throughout 2011, Monster revenues of $1 billion 40 million, higher than last year’s $914 million. Monster 2011 net profit of $54 million, earnings per share of $0.43, a net loss of $32 million over the same period last year, a loss of $0.27 per share. Not in accordance with GAAP, Monster 2011 net profit of $46 million, earnings per share of $0.37. Thomson Reuters survey, analysts on average had expected the market, not in accordance with GAAP, Monster 2011 earnings of $0.39 per diluted share, on revenue of $1 billion 60 million.

in the fourth quarter of 2011, Monster spent $42 million to repurchase the 5 million 500 thousand common shares, the average repurchase price of $7.62. According to the company’s repurchase program, Monster repurchase program remains about $208 million.

Monster on Thursday also announced a series of cost saving measures, including layoffs of 400 employees, accounting for about 7% full-time employees, with some offices, free spending, control office and daily expenses. Monster said the move is expected to save about $100 million a year, the cost of marketing and marketing to enhance the flexibility of enterprises to enhance the long-term profit target. Monster said the layoffs will bring $30 million to $40 million in spending, most of which will be

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