Con-way (CNW) Tops Q1 EPS by 1c; Notes Tight Driver Market

Con-way (NYSE: CNW) reported Q1 EPS of $0.39, $0.01 better than the analyst estimate of $0.38. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.45 billion.

"The tight driver market is limiting our ability to fully seat our fleet. However, we were encouraged with early results from innovative, new recruiting efforts to bring more drivers into our company – and incent them to stay," commented Stotlar. "At the same time, we improved our profit performance, which benefited from lower fuel and other operating costs."

For earnings history and earnings-related data on Con-way (CNW) click here.

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