YRC: 2Q Earnings Snapshot
OVERLAND PARK, Kan. (AP) _ YRC Worldwide Inc. (YRCW) on Friday reported a second-quarter loss of $23.6 million, after reporting a profit in the same period a year earlier.
The Overland Park, Kansas-based company said it had a loss of 71 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The trucking company posted revenue of $1.27 billion in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.3 billion.
The company’s shares closed at $3.53. A year ago, they were trading at $9.25.