Yellow | YRC Q1 EPS Beats, Operating Loss Improves

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Shares of trucking company YRC Worldwide (YRCW) are down 3 cents, or 5%, at 58 cents after the company this morning reported a 29% drop in revenue, to $1.06 billion, missing the average $1.11 billion estimate, yielding a net loss per share of 33 cents, 15 cents better than expected.

YRC CEO Bill Zollars has promised to get the struggling freight hauler back to pre-tax profitability this quarter, and Q1 showed some signs of improvement in that direction. Adjusted Ebitda loss narrowed each month, from $27 million in January to $21 million in February to $5 million in March.
http://blogs.barrons.com/stockstowatchtoday/2010/05/04/yrc-q1-eps-beats-operating-loss-improves/
 
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