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Earnings Calls: 
Monster Worldwide First Quarter Earnings Call
Author: 123jump.com Staff
123jump.com
Last Update: 3:41 AM EDT May 28 2008


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The global online employment solution reported earnings of $22.59 million or 18 cents a share, down 43% as margins dropped from 23.7% to 12.4% after total operating expenses went up by 25%. Total revenue increased 13% to $370 million with Careers Revenue Up 16%. Restructuring efforts have allowed Monster to eliminate redundancies and inefficiencies, resulting in an annualized savings of more than $120 million.

 
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The China HR deal was structured several years ago. We are looking at the transaction that was put in place then and we feel that there are a number of issues that need to be discussed, negotiated. We have the equal right and need to negotiate strongly from the point of view of our shareholders and we intend to do that.

Does this mean there is room to negotiate on the price?

There are some things in the original contract that were a little bit nebulous that we would like to discuss more fully with our counterparty and reach hopefully an amicable solution.
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