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Cabela's Inc. (CAB) Has Broken Out To A New High On Q1 Results

Trade CAB now with 

Cabela's Inc. (CAB: Quote) reported first quarter EPS of $0.70 Thursday morning, up from $0.40 in the previous year. The consensus estimate was for EPS of $0.59.

Cabela's gapped open higher Thursday and has continued to gain ground in early trade. The stock is now up 8.72 at $64.94 on above average volume. Cabela's has risen past the upper end of a month and a half long range and has set a new high for the year.

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by RTT Staff Writer

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