Join        Login             Stock Quote

YRC Worldwide (YRCW) 4Q Loss Narrows, Yet Wider Than Estimates

 February 08, 2013 10:12 AM

(By Balaseshan) YRC Worldwide Inc. (NASDAQ: YRCW) reported a narrower quarterly loss due to lower operating expenses, despite a 3.6 percent decline in revenue. The loss per share was wider than the Street's expectations, while revenue missed the consensus.

Loss for the fourth quarter narrowed to $35.3 million or $4.53 per share from $84.2 million or $12.40 per share last year.

Operating revenue decreased to $1.169 billion from $1.212 billion.

Analysts, on average, polled by Thomson Reuters expected a loss of $2.82 per share on revenue of $1.18 billion for the fourth quarter.

Regional transportation revenue rose 2.5 percent to $391.4 million, while YRC Freight revenue fell 3.4 percent to $777.2 million.

[Related -American Airlines Group Inc (AAL): My investment case for American Airlines]

Operating income increased by $68.1 million to $30.0 million, which included a $9.2 million gain on asset disposals.

YRC Freight recorded $21.1 million in positive operating income in the fourth quarter which was a $47.8 million year-over-year increase and the second consecutive positive operating income quarter.

At December 31, 2012, the company's liquidity, including cash, cash equivalents and availability under its $400 million multi-year asset-based loan facility (ABL), was $251.3 million, down from $237.5 million at September 30, 2012.

YRCW is trading up 7.93 percent at $6.94 on Friday. The stock has been trading between $4.56 and $13.40 for the past 52 weeks.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageUS REITs Edged Higher Last Week As Emerging Markets Slumped

Real estate investment trusts (REITs) in the US took the lead in last week’s shortened holiday trading week read on...

article imageA Contrarian Perspective On The Short EuroTtrade

As the euro continues to drift lower, it has become the accepted wisdom that we are headed for parity with read on...

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

4 Stocks With Heavy Insider-Buying Activity
More Articles on: Transportation

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.