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What: Shares of online recruiter Monster Worldwide
So what: This isn't a case of great growth, but rather an earnings report that wasn't as bad as analysts had expected. Revenue fell 6% to $246.1 million, and earnings per share were $0.04. Analysts had expected $240 million in revenue and a $0.02 profit per share.
Now what: The report may have beaten expectations, but I'm not even thinking about jumping into these shares right now. Revenue is also expected to decline in the second quarter, and earnings per share are only expected to be between $0.04 and $0.08. With shares trading at 20 times forward estimates, I'll look for a company that's growing instead of contracting if I'm going to pay that price.
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Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
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