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SMALL BUSINESS
Taleo's loss narrows in 3rd-quarter
AP ONLINE
posted: 27 DAYS 23 HOURS AGO
DUBLIN, Calif. (AP) — Recruitment agency Taleo Corp. said Wednesday its third-quarter loss narrowed as revenue grew by 8.8 percent.
The company posted a loss of $1.1 million, or 4 cents per share, versus a loss of $5.9 million, or 20 cents per share, in the prior-year period.
Excluding one-time costs and gains, the company made 20 cents per share compared with 15 cents per share last year.
Sales rose to $50.7 million from $46.6 million.
Analysts polled by Thomson Financial expected a profit of 16 cents with revenue of $49.9 million.
In after-hours trading, shares fell 28 cents to $20.50. The stock lost $1.90, or 8.4 percent, to close at $20.78 in the regular session.
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