Chron.com | Kronos Says It Will Miss 3Q Guidance
By William Trent, CFA at Stock Market Beat
It hasn’t hit the 10x EV/EBITDA multiple that typically grabs our attention, but at 12x it is getting close. For the umpteenth time in the last year, Kronos (KRON) Says It Will Miss Guidance
Shares of Kronos Inc. plunged in early trading Monday after the work force management software maker said it expects to miss its earnings and revenue guidance in the third quarter.
The company said it expects a profit of 30 cents to 33 cents per share. Previously, the company said it expected a profit of 32 cents to 36 cents per share.
Kronos now sees revenue at $140 million to $141.5 million, versus previous guidance of revenue between $145 million and $149 million.
Kronos is a leader in workforce management solutions such as human resources, payroll, scheduling, absence management, labor activity tracking, time and labor, data collection, self-service, and analytics. With all of the consolidation going on in the software space, at some point it might make an attractive acquisition candidate. We’ll keep an eye on it.
http://www.stockmarketbeat.com/
It hasn’t hit the 10x EV/EBITDA multiple that typically grabs our attention, but at 12x it is getting close. For the umpteenth time in the last year, Kronos (KRON) Says It Will Miss Guidance
Shares of Kronos Inc. plunged in early trading Monday after the work force management software maker said it expects to miss its earnings and revenue guidance in the third quarter.
The company said it expects a profit of 30 cents to 33 cents per share. Previously, the company said it expected a profit of 32 cents to 36 cents per share.
Kronos now sees revenue at $140 million to $141.5 million, versus previous guidance of revenue between $145 million and $149 million.
Kronos is a leader in workforce management solutions such as human resources, payroll, scheduling, absence management, labor activity tracking, time and labor, data collection, self-service, and analytics. With all of the consolidation going on in the software space, at some point it might make an attractive acquisition candidate. We’ll keep an eye on it.
http://www.stockmarketbeat.com/
posted by douglas mcintyre at 2:09 PM
Subscribe
<< Home