Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Kenexa
So what: The provider of human resources business solutions showed third-quarter revenue of $75.7 million, while earnings per share came in at $0.23. Both revenue and profit topped the consensus estimates of $73.7 million in sales and $0.20 earnings per share.
Now what: Kenexa CEO Rudy Karsan said the results were better than the company's internal expectations and reflect the "building momentum of Kenexa's unique value proposition in the market place." The company expects fourth-quarter revenue to be between $74.7 million and $76.7 million, and full-year revenue to be in the range of $279.4 million to $281.4 million. The company also added more than 60 "preferred partner" customers during the quarter, who spend more than $50,000 annually.
Interested in more info on Kenexa? Add it to your watchlist by clicking here.
Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.