Portal Slips 10.3% on Warning
Portal Software
(PRSF)
was down 10.3% in preopen
Island
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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.
