Kendle International Inc. (KNDL) announced after the bell Monday that it will not meet analyst expectations for the first quarter. The company now expects net service revenues for the first quarter to be well below the market consensus of approximately $121 million.
Kendle International Inc. gapped down sharply Tuesday morning, but was range-bound for the majority of the session. The stock closed down by $11.08 at $10.28 on the highest volume of the year. The stock fell to a new low for the year.
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