Cabela's Inc. (CAB) 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 up sharply Thursday and climbed until around mid-morning, before settling into a range. The stock ended the session higher by 9.23 at $65.45 on strong volume. Cabela's broke out of over a 1-month range and set a new high for the year.
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