Con-way Shares Plunged: What You Need to Know (CNW)

Con-way Shares Plunged: What You Need to Know

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of transportation company Con-way (NYSE: CNW ) fell 10% today after the company released disappointing earnings.

So what: Fourth-quarter revenue was $1.32 billion, just edging the $1.31 billion analysts had expected. But the bottom line disappointed with earnings of $0.26 per share, below the $0.36 per share in earnings that analysts expected.

Now what: The company also reported a $10 million gain from a dispute with Chic Logistics, which helped non-adjusted earnings. Truckload operation revenue rose 8.8%, so despite cost pressure the company is performing well on the top line. The earnings miss isn't good, but shares trade at just 11 times forward earnings so there may be some value beginning to develop in shares right now.

Interested in more info on Con-way? Add it to your watchlist by clicking here.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.