Kenexa shares spike afterhours on 2008 forecast

Analysts surveyed by Thomson Financial on average expect adjusted earnings of $1.39 per share on revenue of $221.5 million.

Shares rose 75 cents, or 4.2 percent, to close earlier at $18.59, surged $2.11, or 11 percent, to $20.70 in aftermarket electronic trading.

For the second quarter, Kenexa forecast profit excluding items of 34 cents or 35 cents on sales of $56 million to $57 million, compared with analysts' average forecast of 34 cents on sales of $53.7 million.

"Considering the progress of our EPO business, continued high levels of customer renewals and our on-going business momentum, we remain confident that the company's growth in 2008 will increase from levels reported in the first quarter," said Chief Financial Officer Don Volk.