Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Con-way Misses on Top and Bottom Line

Trucking and logistics specialist Con-way (UNKNOWN: CNW.DL  ) reported third-quarter results today after the markets closed, showing that it posted net revenues of $1.398 billion, virtually unchanged from the $1.404 billion realized in the same period in the previous year, but below the $1.413 billion Capital IQ consensus estimate.

While adjusted net income came in at $33.3 million, or $0.58 per share, well ahead of the $25.2 million, or $0.45 per share, in the same period in 2012, it was $0.04-per-share below the CapIQ estimates of $0.62 per share.

Con-way says its less-than-truckload business is essentially carrying the company at the moment, as the logistics business wobbled because of implementation of several complex new projects, which contribute to growth in net revenue while having an adverse impact on operating income at the same time.

The trucking and logistics specialist didn't provide guidance for the coming quarter or for its full-year 2013 results, but analysts anticipate that Con-way will post adjusted earnings of $0.49 per share in the third quarter and $1.99 per share for the fiscal year on revenues of $1.387 billion and $5.519 billion, respectively.

Shares of Con-way closed trading today down 1.4%, or $0.62, to $45.11.

Read/Post Comments (0) | Recommend This Article (0)

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 Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2706875, ~/Articles/ArticleHandler.aspx, 9/25/2016 1:55:41 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
CNW.DL $0.00 Down +0.00 +0.00%
Con-way CAPS Rating: No stars