Monster Worldwide Q1 earnings increase; 400 laid off globally, stock drops sharply
26 Jan 2012
Monster Worldwide stock dropped more than 20 percent Thursday after the company issued guidance about projected Q1 revenue and earnings that were far below analyst estimates. The stock finished the day in NYSE consolidated trading at 7.15, down 1.83 or 20.83 percent. Trading volume was almost four times the average of 3.2 million shares.