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YRC Worldwide Inc. reported a dramatic reduction in its losses for the third quarter as it benefitted from lower costs and a continued uptick in freight.
The Overland Park-based trucker (Nasdaq: YRCW) on Friday reported losing $61.7 million, or $1.33 a share, in the July-to-September period. By comparison, it lost $158.7 million, or $66.66 a share, during the same period a year ago. The year-ago figures were adjusted to reflect a one-for-25 reverse-stock split the company implemented at the end of September.
Analysts surveyed by Thomson Reuters had expected a loss of $1.31 a share.
Revenue during the quarter fell 5 percent to $1.14 billion, meeting analysts’ expectations.....................
YRC Worldwide reduces loss in third quarter | Kansas City Business Journal
The Overland Park-based trucker (Nasdaq: YRCW) on Friday reported losing $61.7 million, or $1.33 a share, in the July-to-September period. By comparison, it lost $158.7 million, or $66.66 a share, during the same period a year ago. The year-ago figures were adjusted to reflect a one-for-25 reverse-stock split the company implemented at the end of September.
Analysts surveyed by Thomson Reuters had expected a loss of $1.31 a share.
Revenue during the quarter fell 5 percent to $1.14 billion, meeting analysts’ expectations.....................
YRC Worldwide reduces loss in third quarter | Kansas City Business Journal