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What: Shares of transportation company Con-way
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.
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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.
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