Taleo Corporation’s (TLEO) Fourth-Quarter Earnings Preview
By Benzinga Staff
February 09, 2010 4:57 PM
February 09, 2010 4:57 PM
Analysts at RBC Capital Markets have released an update on Taleo Corporation (NASDAQ: TLEO). The company will report results for the fourth-quarter tomorrow.
Analysts expect an upside to their estimates for revenue and EPS. Analysts expect the company to report $52 million in revenue, which is above analysts’ estimate of $50.5 million. The EPS is expected to be $0.18, $0.02 above analysts’ estimate.
According to analysts, the company is likely to adopt new accounting standards. Analysts expect this to have appositive impact on revenue, and EPS, and a slightly negative impact on deferred revenue.
Analysts at RBC Capital Markets have maintained an Outperform rating for Taleo Corporation, with a price target of $19.
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