Monster Worldwide (NYSE:MWW) reported Q1 breakeven EPS results, ex-items, beating consensus estimates for a loss of 11 cents. Revenues in the quarter fell 31% year-over-year to $254.4 million, but came in ahead of consensus estimates of $252.7 million. The company maintained positive operating cash flow of $14.0 million, and ended the first quarter with total available liquidity of $501 million and had net cash and marketable securities of $247 million, compared with $259 in the year-ago quarter. Sal Iannuzzi, chairman, President and Chief Executive Officer of Monster, said, "As anticipated, the challenging global economy continued to severely impact customer demand during the first quarter of 2009. We were able to leverage the power of our brand to drive awareness and higher levels of user engagement following our new product launch in early January. Our strict and disciplined approach to cost containment enabled us to preserve our liquidity position, maintain necessary investments and report a break-even quarter." Mr. Iannuzzi concluded, "While the near-term environment continues to be challenging, we believe that Monster is uniquely qualified to serve its customers on a global basis and achieve market share gains. Our global industry leading position, powerful brand and deep financial resources are unparalleled in the online recruitment industry and provide the foundation for long-term future growth when the economy rebounds."

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