Portal Slips 10.3% on Warning

Portal Software

(PRSF)

was down 10.3% in preopen

Island

trading. After the close Wednesday, the company said fourth-quarter earnings were 4 cents per share before items, ahead of the Street's estimate of 3 cents and the year-ago break-even result.

But the company said first-quarter earnings would be between break-even or 1 cent due to the slowing economy. Portal also announced that its CFO would retire.