beat analysts' estimates on the top and bottom lines for its fourth quarter, but offered a lighter outlook than Wall Street had hoped.
Shares dipped by 59 cents in after-hours trading on Monday; they were recently off 1.7% to $34.84.
The human resources software and services firm earned $15 million, or 47 cents a share, for the quarter, falling from its $19.4 million, or 60 cents a share profit a year ago. The company said its acquisition of
lowered its net income by 6 cents a share.
The results also included $5.5 million, or 17 cents a share, in charges for stock-based compensation, amortization of intangibles, and a one-time tax charge.
Sales totaled $165.4 million, growing from $149.8 million in the same period last year.
Thomson First Call analysts polled expected the company to earn 45 cents a share on sales of $161.4 million.
For the first quarter, the Chelmsford, Mass.-based company anticipates a profit of 12 cents to 19 cents a share, including a charge of 17 cents a share related to the company's purchase of Unicru, and other charges like stock-based compensation and amortization of intangibles.
The consensus analyst estimate was looking for 23 cents a share.
Revenue will be between $146 million and $150 million, in line with the $149.1 million forecast by analysts.
For the full year, revenue will range from $645 million to $660 million, falling short of the $668 million expected by analysts. Net income will be between $1.10 and $1.27, including various items, the company said. Analysts are looking for $1.45 a share.