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The truck freight market may be stabilizing, but YRC Worldwide Inc. still is expected to show lower revenue and continued losses when it releases its fourth-quarter performance numbers Friday morning.
Analysts surveyed by Thomson Reuters predict that the company will report a loss of $1.37 a share for the three months ending Dec. 31.
By comparison, YRC (NasdaqGS: YRCW) reported earning $119.5 million, or $1.64 a share, during the same period of 2009. However, that profit included $193.9 million in one-time gains from an equity-for-debt swap.
Revenue is expected to sink more than 5 percent from a year ago to $1.07 billion..................
Analysts: YRC Worldwide will report lower revenue, more losses | Kansas City Business Journal
Analysts surveyed by Thomson Reuters predict that the company will report a loss of $1.37 a share for the three months ending Dec. 31.
By comparison, YRC (NasdaqGS: YRCW) reported earning $119.5 million, or $1.64 a share, during the same period of 2009. However, that profit included $193.9 million in one-time gains from an equity-for-debt swap.
Revenue is expected to sink more than 5 percent from a year ago to $1.07 billion..................
Analysts: YRC Worldwide will report lower revenue, more losses | Kansas City Business Journal