Kronos Leaps as it Promises to Trounce Estimates

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Labor management software maker Kronos (KRON) was up $10.48, or 25.9%, in midmorning after it said late Tuesday it expects to beat analysts' estimates for its fiscal fourth quarter.

Kronos said it expects earnings of at least 70 cents a share, well above the consensus estimate of 41 cents published by Thomson Financial/First Call. The company expects sales of $83 million to $85 million.

Kronos attributed the outlook to a greater-than-expected increase in completed orders in the fourth quarter.