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Concur Technologies Inc. (CNQR) Climbed Past Resistance At The Highs On Q2 News

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Concur Technologies Inc. (CNQR: Quote) reported second quarter non-GAAP net income of $0.33 per share after the close Wednesday, compared to $0.25 per share last year. The consensus estimate was for EPS of $0.19. The company expects to report third quarter non-GAAP EPS of $0.31 and expects full year 2012 non-GAAP EPS of $1.31. The consensus estimates are for EPS of $0.20 and $0.84.

Concur Technologies spiked to the upside in early trade Thursday, but settled into a range for the majority of the session. Shares finished up by 5.89 at $63.87 on above average volume. The stock climbed above a 3-month range and set a new high for the year.

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by RTT Staff Writer

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