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...
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 Concur Technologies (Nasdaq: CNQR ) are conquering the day with gains upward of 13% after the company reported strong earnings with upbeat guidance.
So what: Revenue jumped 28% to $108.4 million with non-GAAP earnings of $18.5 million, or $0.33 per share. The Street was only asking for $105.9 million in sales and earnings per share of $0.19. However, on a GAAP basis, Concur lost $4.8 million, or $0.09 per share.
Now what: Concur's third-quarter and full-year outlooks smashed estimates, though. The company sees third-quarter earnings per share of $0.31, well above the $0.20 expectation. The full year should see earnings per share of $1.31, trouncing analysts' estimates of $0.84. UBS has boosted its price target to $70, calling the company one of its favorite software-as-a-service plays and even an attractive buyout candidate.
Interested in more info on Concur Technologies? Add it to your watchlist by clicking here.
RSS Headlines
Fool UK
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.
Be the first one to comment on this article.