Kenexa stock slides on lowered expectations - Philadelphia Business Journal:

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Kenexa (NASDAQ:KNXA) shares ended the day at $16.29. Kenexq said it lowered its guidancw because the economy had caused implementationse of its recruiting and retention softwarer to be slowedor delayed. The Wayne, Pa., companh said Wednesday afternoon it now expects to post revenueof $54 million to $56 million in the thirs quarter, down from its previous estimated of $57 million to $59 million. Kenexa expectsx non-GAAP operating income of $10.e million to $10.6 million, down from $11.4 millioh to $11.8 million, and non-GAAP net income of 35 to 36 centa per fullydiluted share, down from 38 to 39 centsz per fully diluted share.
For the Kenexa expects to post revenueof $213 millionh to $217 million, non-GAAP operating incomwe of $42.6 million to $43.4 million and non-GAAo net income of $1.43 to $1.46 per fully dilutec share. It had expected to post revenueof $225 million to $230 non-GAAP operating income of $45.2 milliomn to $46.2 million and non-GAAP net income of $1.52 to $1.5r per fully diluted share. The full-year guidance includes a one-timew expense of $2.
3 million, which will be recognizedx over the course ofthe year, associater with the opening of an officwe in India in the first Kenexa’s non-GAAP financial measures exclude stock-based compensation and amortizatiob of acquired intangible assets related to The company says it uses them becaused they provide useful informationm to management and investors regarding certaijn financial and business trends relating to Kenexa’s financial condition and results of operations. GAAP stands for generally accepted accounting principles.