Salary.com cascades on disappointing Q4, issues Q1’09 guidance below the Street
Shares of Salary.com, Inc. (Nasdaq:SLRY) are treading lower in pre-market trading after the provider of on-demand compensation and talent management solutions reported a net loss for the fourth quarter of fiscal 2008 that was a penny wider than the consensus view on Wall Street. The company also issued fiscal 2009 first-quarter guidance below analysts’ mean estimates.
Shares barreled 20%, or $1.23, to $4.99 in pre-market trading. For detailed price information and recent news stories about Salary.com, click SLRY.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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