(Reuters) - Online recruitment company Monster Worldwide Inc reported a quarterly loss and said it had exited its businesses in Brazil, Mexico and Turkey, as it continues to pursue a sale of the full company.
Monster shares fell 10 percent in premarket trading, adding to a one-quarter fall since the company said almost a year ago it was reviewing strategic alternatives.
It has since moved to dispose of several businesses, and said on Thursday it will concentrate on its most profitable markets in North America, Europe, South Korea and India.
Monster said it had also sold its money-losing China operations to Saongroup, a Dublin-based recruitment firm, but had retained a 10 percent stake in the combined Chinese business.
Monster has been hurt by weak job markets in the United States and Europe, which generate the lion's share of its revenue, as well as growing competition from social networking sites.
Demand has shifted away from Monster's generalized recruitment website to more specific, niche-focused employment websites that allow workers and companies to connect directly.
The parent of Monster.com retained Stone Key Partners and Bank of America Merrill Lynch in March 2012 to review strategic alternatives including a sale of the company.
"On the strategic alternatives front, the process continues and we will respond quickly if an opportunity arises," Chief Executive Sal Iannuzzi said in a statement.
The process was moving "very slowly" he told analysts on a call.
FOURTH-QUARTER LOSS
Monster reported a net loss of $73 million, or 66 cents per share, in the fourth quarter, compared with a profit of $10.9 million, or 9 cents per share, a year earlier.
The company recorded pre-tax charges of $23 million during the three months ended December and said it expects additional charges of $27 million to $37 million in the first half of 2013.
Excluding items, the company earned 8 cents per share.
Revenue dropped 10 percent to $211.2 million.
Monster said it expects first-quarter earnings from continuing operations to be in the range of 6 cents to 10 cents per share.
Analysts on average expect the company to earn 8 cents per share in the first quarter, excluding items, according to Thomson Reuters I/B/E/S.
Monster shares traded at $5.21 premarket, down from Wednesday's $5.85 close on the New York Stock Exchange.
(Editing by Rodney Joyce)
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