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Watchlist Movers: Monster Worldwide, Inc. (NYSE:MWW), FirstEnergy Corp. (NYSE:FE), Hospitality Properites Trust (NYSE:HPT)

Watchlist Movers: Monster Worldwide, Inc. (NYSE:MWW), FirstEnergy Corp. (NYSE:FE), Hospitality Properites Trust (NYSE:HPT)
Written by
Chris Sandburg
Published on
November 4, 2014
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Monster Worldwide, Inc. (NYSE:MWW), the job classifieds site reported Q3 results with both net income and revenue falling year-on-year yet beating the consensus of analysts polled by Capital IQ. Q3 net income attributable to the company fell to $5 million, or $0.05 per share, from $11 million, or $0.11 per share, still topping the Street forecast of $0.03 per share. Quarterly revenues also decreased 2.8% to $191.2 million, but beat the consensus of $189.9 million.In Q3, Monster Worldwide, Inc. (NYSE:MWW) said it repurchased 100,000 shares at an average price of $5.52 for a total of $0.6 million. Monster also said it expects Q4 EPS of $0.04-$0.08 per share, excluding non-recurring items, in-line with the consensus of $0.06 per share. Separately, the company said Salvatore Iannuzzi stepped down for personal reasons from his role as CEO and President effective immediately and will be succeeded by Timothy Yates, who formerly served as CFO and executive vice president and most recently was a director of Monster. The company also said Mark Stoever has been appointed as COO of Monster. MWW shares are trading with a 52-week range of $3.41-$8.50.FirstEnergy Corp. (NYSE:FE) Tuesday reported Q3 operating earnings above analysts' expectations despite weaker-than-expected revenue, while the electricity distributor and transmitter reaffirmed its full-year earnings guidance. The company's reported earnings rose to $333 million, or $0.79 per share, from $218 million, or $0.52 per share, a year earlier. Excluding one-time items, it earned $0.89 per share in the latest quarter, down from $0.94 per share in the prior-year period but a penny above the Street view according to Capital IQ.FirstEnergy Corp. (NYSE:FE) said the decline in operating earnings primarily reflects lower commodity margin at the competitive business, lower distribution deliveries, and higher interest expense, partially offset by lower operating expenses in the competitive business and a lower effective tax rate. Revenue was nearly $3.9 billion, down from revenue of more than $4.0 billion in the prior-year period and below the $4.12 billion expected on average by analysts. The company reaffirmed its guidance for 2014 operating earnings of $2.40 to $2.60 per share. Analysts were recently projecting $2.47. FE trades in a 52-week range of $29.98 to $38.92.Hospitality Properites Trust (NYSE:HPT) reported Q3 funds from operations and revenue that were ahead of analysts' expectations. The real estate investment trust said normalized funds from operations rose to $0.86 per share from $0.76 the year earlier, exceeding the $0.82 average FFO expected by analysts polled by Capital IQ. Revenue rose to $459.6 million from $412.3 million compared to the $436.7 million consensus.Hospitality Properties Trust said the increase in normalized FFO could, among others, be attributed to increases in annual minimum returns and rents that resulted from HPT's funding of improvements to its hotels and travel centers and debt refinancing. Reported net income jumped to $44.0 million or $0.29 per diluted share from $16.7 million or $0.12 the year earlier. Hospitality Properites Trust (NYSE:HPT) closed near the higher end of the 52-week range between $24.66 and $31.00 on Monday.

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