Kenexa tumbles in pre-market on lowered guidance
Shares of Kenexa (Nasdaq: KNXA) are tumbling after the global provider of software and services used to recruit and retain employees lowered its third-quarter and full-year guidance after Wednesday’s close. The company noted that the macroeconomic environment coupled with a strengthening dollar is weighing on operations, as international operations are the fastest growing segment of Kenexa.
Shares skidded 20%, or $4.44, to $17.70 in pre-market trading. For detailed price information and news stories on Kenexa, click KNXA.
