Monster's Stock Tanks On Below Par Q4 Results, Guidance

Monster Worldwide’s below-par fourth quarter results and its disappointing guidance for the first quarter this year resulted in the company’s stock nosediving following its earnings release on Thursday. Monster’s overall revenue declined 9% year-over-year (y-o-y) to $159 million and missed market expectations of $166 million owing to subdued demand in North America, where sales dropped by 8%. In terms of the bottom line, the company reported earnings of $0.12 per share, which was in line w...