Ariba Inc. (ARBA) reported second quarter adjusted income from continuing operations of $0.25 per share after the bell Thursday, compared to $0.19 per share last year. The consensus estimate was for EPS of $0.22.
Ariba spiked to the upside at the open Friday, but settled into a range for the majority of the session. The stock ended the day higher by 3.99 at $39.35, with volume at a 10-month high. Ariba rose past the upper end of a 2-week trading range and set a new high for the year.
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