Volume Spike Investor

InnerWorkings Inc. (INWK) is getting clipped on lower guidance after the the printing company forecast 2009 earnings of $0.14 to $0.20 EPS on revenue of $400 to $425 million. Just in May, it backed its previous guidance of earnings of 35 to 39 cents on revenue of $450 to $475 million. This was down half for the year and analysts had already taken figures to $0.28 EPS on $443 million. Maybe not ‘bullish’ but not as bad as it could have been.  Volume is still very thin but the indicatiosn on this are down 13% at $4.90 after closing at $5.55 yesterday.  Average volume here is a mere 187,000 shares and there has not been a single day of 1 million shares in the last 90 days. -JON OGG