InnerWorkings (INWK) falls hard before the bell after updating its FY2013 guidance yesterday...

|By:, SA News Editor

InnerWorkings (INWK) falls hard before the bell after updating its FY2013 guidance yesterday after hours. The company now says it expects $0.45-0.50 per share on revenue of $900-930M, down from previous estimates of $0.57-0.61 on $930-960M. The company said a client's new management team "redirected" work to a company with which it had an existing relationship. Shares -19.96% premarket.