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.
So what: After accounting for charges related to last year's acquisition of Salary.com, non-GAAP revenue rose 58.8% to $71.3 million while adjusted profit improved 38.5% to $0.18 a share. Analysts had been looking for $66.9 million and $0.17, respectively, according to data compiled by Yahoo! Finance.
Now what: Early investors must be loving the momentum; shares of Kenexa have doubled over the past 52 weeks as the underlying business has improved. Management expects further gains in the second half, projecting $271 to $275 million in full-year revenue and $0.77 to $0.80 in profits. Wall Street had been calling for $0.77 on $270 million in revenue. Are you buying at these levels? Selling? Weigh in using the comments box below.
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At the time thisarticle was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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