Kenexa (KNXA) Sees Q3 Results Above Prior Outlook, Street
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Kenexa (Nasdaq: KNXA) updated its guidance for the third quarter 2011, ended September 30, 2011.
For the third quarter, the Company expects non-GAAP revenue to be at or above the high-end of its previously-issued guidance range of $72.0 million to $74.0 million. The Street sees $73.2 million. Non-GAAP operating income is also expected to be at or above the high-end of the previously-issued guidance range of $7.1 million to $7.5 million, leading to non-GAAP net income per diluted share that is at or above the high-end of the previously issued range of $0.19 to $0.20. The Street is looking for EPS of $0.20.
Kenexa’s non-GAAP results exclude stock-based compensation expense, amortization of acquired intangibles, acquisition-related fees, the purchase accounting reduction for Salary.com’s revenue, and accretion associated with a variable interest entity.
For the third quarter, the Company expects non-GAAP revenue to be at or above the high-end of its previously-issued guidance range of $72.0 million to $74.0 million. The Street sees $73.2 million. Non-GAAP operating income is also expected to be at or above the high-end of the previously-issued guidance range of $7.1 million to $7.5 million, leading to non-GAAP net income per diluted share that is at or above the high-end of the previously issued range of $0.19 to $0.20. The Street is looking for EPS of $0.20.
Kenexa’s non-GAAP results exclude stock-based compensation expense, amortization of acquired intangibles, acquisition-related fees, the purchase accounting reduction for Salary.com’s revenue, and accretion associated with a variable interest entity.
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