Con-way Inc. (CNW) reported first quarter non-GAAP net income of $0.45 per share after the close Tuesday, up from $0.24 per share in the previous year. The consensus estimate was for EPS of $0.35.
Con-way gapped open higher Wednesday and climbed during the first half hour of trade. The stock rose further around midday and finished up by 4.24 at $37.00 on above average volume. Con-way rose above a month and a half long range and set a 9-month high.
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