Concur Technologies Inc. (CNQR) reported first quarter adjusted net income of $0.32 per share after the bell Wednesday, compared to $0.30 per share last year. The consensus estimate was for EPS of $0.19. The company expects to report second quarter adjusted EPS of $0.28 and expects to report $1.27 for the full year 2012. The consensus estimates are for EPS of $0.19 and $0.83.
Concur Technologies gapped open sharply higher Thursday, but traded in a narrow range for the majority of the session. The stock closed up by 4.70 at $58.74 on the highest volume of the year. Concur Technologies climbed past resistance and set a new high for the year.
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