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Published on .

(May 9, 2001) -- TMP Worldwide, New York, owners of career site Monster.com and a leading classifieds ad agency, announced financial results for the first quarter. Diluted adjusted earnings per share were 18 cents, up 38% over the same quarter of 2000. Adjusted net income for the quarter was $20.4 million, up 50% from $13.6 million the prior year.

Monster.com posted an adjusted operating profit of $32.5 million on commissions and fees and $129.2 million for an operating margin of 25%. This is consistent with TMP's long-standing guidance that a 25% operating margin would be achieved at a $500 million revenue run rate. Monstermoving.com also grew, with commissions and fees increasing 73% to $3.6 million from $2.1 million during the same period last year. -- Adrienne Mand

Copyright May 2001, Crain Communications Inc.

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