Con-way Inc. (CNW) reported first-quarter net income of $14.0 million or $0.25 per share, compared to $25.6 million or $0.46 per share in the comparable quarter last year.
Excluding items, adjusted non-GAAP net income for the quarter was $10.5 million or $0.19 per share, down from $25.4 million or $0.45 per share in the prior year quarter.
On average, 23 analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, total revenues for the latest quarter slid 6.4 percent to $1.33 billion from $1.36 billion last year, while seventeen analysts had a consensus revenue estimate of $1.39 billion for the quarter.
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