Kenexa (KNXA) Thursday reported a wider loss for the third quarter, hurt mainly by higher expenses.
Net loss for the quarter widened to $4.2 million from $320 thousand last year. Net loss allocable to common shareholders totaled $4.2 million or $0.15 per share, compared to $3.1 million or $0.12 per share in the same period last year.
Adjusted earnings allocated to common shareholders were $10 million or $0.33 per share, compared to $6.3 million or $0.23 per share last year.
On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.31 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $90.7 million, up from $75.7 million last year. Analysts expected revenues of $94.27 million.
Operating expenses increased to $60.2 million from $44.7 million last year.
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