Ultimate Software Group swings to Q2 loss, shares fall 27% in pre-market
The Ultimate Software Group Inc. (Nasdaq:ULTI) has sunk 27% in today’s pre-market trading after the company reported after Tuesday’s close it had swung to a second-quarter loss. For the quarter ended June 30, the Weston, Fla.-based company reported a net loss of $0.8 million, or $0.03 per share, compared with a net income of $6.4 million, or $0.23 per share, for the same period a year earlier. Revenues rose 19% from a year ago to $41.5 million.
Shares of the human resource, payroll and talent management software support company are at $24 at 8:34 a.m. ET, down $9 from Tuesday’s close. During trading hours, shares have ranged from $25.20 to $41.68 during the past year.
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