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Friday, Aug 2
Monster dives on jobs report while LinkedIn soars on Q2 beat
- While LinkedIn makes new highs thanks to a Q2 beat and strong traffic growth, Monster (MWW -8.7%) is slumping on account of a soft July NFP report.
- The decline comes a day after shares fell 4% in response to Monster's Q2 revenue miss and light Q3 guidance (EPS of $0.06-$0.10 vs. a consensus of $0.10). The company stated macro pressure remains an issue, and that Europe is its weakest region, but is seeing "some stabilizing trends."
- Monster's Q2 revenue from continuing ops fell 11% Y/Y to $200.1M. LinkedIn's Talent Solutions revenue rose 69% Y/Y to $205.1M.