Monster's Earnings Up 68 Percent

Monster Worldwide Inc. (search) earnings surged 68 percent in the second quarter, as revenue jumped 26 percent amid continued strong performance from its Web site, the world's largest job-search site.

The New York-based company, formerly known as TMP Worldwide (search), late Tuesday reported earnings of $16.2 million, or 14 cents a share, compared with $9.6 million, or 8 cents a share, a year earlier. The company had projected earnings of at least 12 cents a share in April.

Excluding a loss from discontinued operations, Monster Worldwide said it earned 9 cents a share in the year-earlier period.

Revenue climbed to $209.4 million from $166.7 million a year earlier, helped by (search), which saw its revenue jump 41 percent to $141.9 million.

Monster Worldwide said its latest results were helped by contributions of "strategic" acquisitions and improved results at its advertising and communications division.

Monster Worldwide expects third-quarter earnings of 16 cents a share, up from year-earlier third-quarter earnings of 11 cents a share.

The company reported its results after the close of the Nasdaq Stock Market, which saw its shares up $1.84, or 9 percent, at $22.31.

In after-hours trading, the shares rose 3.5 percent to $23.10.