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Non-Tech : EARNINGS REPORTING - surprises, misses & more -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (613)	5/9/2001 2:50:25 AM
From: 2MAR$	Read Replies (1) \| Respond to of 762

TMPW ( $52 down $49)beats Q1 estimates , feeling slowdown By Debra McGarry, CBS.MarketWatch.com Last Update: 5:04 PM ET May 8, 2001 NEW YORK (CBS.MW) -- TMP Worldwide beat Wall Street estimates Tuesday for the first quarter despite the online recruiter's struggle with the slowdown in the U.S. economy. TMP (TMPW: news, msgs, alerts) said it earned $20.4 million, or 18 cents a share, in the first quarter, 3 cents ahead of the consensus estimate compiled by First Call/Thomson Financial. FRONT PAGE NEWS Cisco tops targets as revenue falls Dow in a funk; Nasdaq a touch higher California suffers second day of power outages Attorney Pitt likely to be SEC nominee Market news and more! Sign up to receive FREE email newsletters Get the latest news 24 hours a day from our 100-person news team. The same quarter a year earlier, TMP earned $13.6 million, or 13 cents a share. Commissions and fees for the quarter increased 28 percent, year-to-year, to $362.8 million, led by Internet job searching firm Monster.com, a unit of TMP. Monster.com, the flagship brand of the interactive division of TMP Worldwide, reported record traffic of 5.7 million visitors in March 2001 in the U.S., according to Media Metrix. As fewer firms are paying to post job advertisements online, TMP said that it is feeling the impact of an economic slowdown in the U.S. TMP said, however, said that it is uniquely positioned to benefit from the secular shift in the recruitment industry and capitalize on its leading share of the interactive market," said TMP's CEO Andrew J. McKelvey. TMP said it continues to believe that it is positioned for solid top-line revenue and bottom-line earnings per share growth in 2001. The New York based firm now expects second-quarter earnings to come in at 30 cents a share, a penny below Wall Street estimates, and 45 cents for the subsequent quarter. In the fourth quarter, per share earnings are expected at 47 cents. TMP said it continues to be comfortable with the Wall Street consensus estimate of $1.40 for 2001. TMP's cash position was at $563.3 million as of March 31, 2001. TMP shares fell $1.23 to close at $50.76 ahead of the news. Debra McGarry is a reporter for CBS.MarketWatch.com in San Francisco.