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Stock News - (NASDAQ:CNQR) Q4 Profit jumps, CFO to quit in 2010
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Concur Technologies, Inc. (NASDAQ:CNQR) plunged 10% to $36.95 after it reported that its fourth-quarter net income was $5.88 million compared to $5.64 million last year. Earnings per share available to stockholders was $0.11, flat with last year.
Non-GAAP pre-tax income was $15.03 million or $0.29 per share compared to $12.27 million or $0.24 per share last year.
On average, 20 analysts polled by Thomson Reuters expected the company to report profit of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues increased to $64.82 million from $57.55 million last year. Analysts expected revenue of $64.41 million for the quarter.
Separately, Concur said CFO John Adair will continue in his position until a successor is named and the transition is completed.
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