Monster.com does well

New York-based Monster Worldwide, parent of job-hunting site Monster.com, announced earnings from continuing operations rose to $35.3M, in the 4th quarter, in line with analysts expectations, from $21.7M, a year earlier.

Revenue for the quarter gained 24% to $267M, slightly better than analysts had expected. The company clearly benefited from a better US jobs environment and the increasing shift in such classified advertising to the Internet.

Monster is feeling bullish going forwards too, as they are predicting over 20% annual revenue growth for the next 3-5 years. That's bold, particularly given the amnout of competition they will face going forwards. Jobs on the Internet is attracting traditional newspapers, magazines and the big portals.