Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: 2MAR$ who wrote (622)	5/14/2001 7:27:55 PM
From: 2MAR$	Read Replies (1) \| Respond to of 762

TMPW ( $55 grad sell $47bnc)operating profit up (UPDATE: Adds details throughout) NEW YORK, May 8 (Reuters) - TMP Worldwide Inc. (NasdaqNM:TMPW - news), a big Yellow Pages advertising agency, on Tuesday reported higher first-quarter earnings before items, driven by its online job search site, Monster.com. The New York-based company said first-quarter earnings, excluding merger and integration costs, rose to $20.4 million, or 18 cents a diluted share, from $13.6 million, or 13 cents a share, in the year-ago period. Analysts, on average, were expecting the company to post first-quarter earnings of 14 cents to 17 cents a share, with a consensus estimate of 15 cents, according to Thomson Financial/First Call. TMP's net income, including merger and acquisition costs and related taxes, totaled $5.8 million, compared with $6.5 million in the year-earlier period. The company said it was comfortable with Wall Street expectations for adjusted earnings per diluted share of about $1.40 in 2001. TMP expects adjusted diluted EPS to total 30 cents in the second quarter, 45 cents in the third quarter and 47 cents in the fourth quarter. The company said in February that the economic slowdown would benefit TMP's bottom line, as people looking for jobs ``would flock to Monster for help.'' But Morgan Stanley analyst Douglas Arthur downgraded his rating on TMP to outperform from strong buy on May 3, saying that cyclical trends would cut into Monster's revenues. Shares of TMP Worldwide's shares have outperformed the Nasdaq composite index in the last year, falling about 30 percent, compared with the Nasdaq index dropping more than 40 percent. On Tuesday, shares of TMP fell $1.23, or more than 2 percent, to $50.76, before the release of its earnings.