Deutsche Bank Reports Inline Q2 On Con-Way

According to Deutsche Bank, Con-way CNW reported adjusted Q2 EPS of $0.50, which was inline with estimate and Consensus. Deutsche Bank said that adjusted EPS excludes a $0.02/ share tailwind from a $1.2 million benefit from discrete tax adjustments. “Con-way Truckload and Menlo Logistics surpassed expectations as both companies drove solid top- and bottom-line improvement despite a mediocre economy.” Con-way closed yesterday at $34.31.