Celadon Group rises after Q4 earnings beat Street view
Shares of Celadon Group Inc. (Nasdaq:CLDN) are up 12% today after the company’s fourth-quarter earnings beat Wall Street views. The company reported after Monday’s close net income for the quarter ended June 30 of $2.16 million, or $0.10 per share, compared with $5.1 million, or $0.22 per share, for the same period a year ago. Revenue was $154.6 million, up from $131.7 million a year earlier. Wall Street was expecting earnings per share of $0.06 on revenues of $144.9 million.
The Indianapolis-based company provides long haul and full truckload services throughout the U.S., Canada and Mexico. At 1:40 p.m. ET, shares are at $14.15, up $1.49 from Monday’s close. Trading volume is about 100,000 shares above the average.
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