Taleo 2Q loss expands on legal settlements

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DUBLIN, Calif. (AP) — Human resources software provider Taleo Corp. said Thursday that its second-quarter loss expanded, hurt by two legal settlements and a tax penalty.

The net loss in the three months through June 30 came to $8.1 million, or 20 cents per share, compared to a net loss of $1.4 million, or 4 cents per share, a year ago. Excluding the settlements and tax penalty, adjust earnings per share came to 27 cents, beating the 21 cents expected by analysts polled by FactSet.

Revenue grew 24 percent to $69.7 million from $56.3 million.

That was short of the $76.1 million expected by analysts.

Shares fell $2.82, or 8.4 percent, to close at $30.58 in regular trade on Thursday before the results were released. After the release, shares rose 42 cents, or 1.4 percent, to $31.