YRC Worldwide Earnings: Loss Narrows and BEATS Estimates

YRC Worldwide Inc. ‘s (NASDAQ:YRCW) fourth quarter loss narrowed, beating estimates. YRC Worldwide is a holding company that through its subsidiaries offers a range of transportation services.

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YRC Worldwide Inc. Earnings Cheat Sheet

Results: Loss narrowed to $22,600 (loss of $3.21 per diluted share) from $42,600 (loss of $267.33 per share) in the same quarter a year earlier.

Revenue: Fell 0.5% to $1.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: YRC Worldwide Inc. beat the mean analyst estimate of a loss of $2.33 per share. It fell short of the average revenue estimate of $1.32 billion.

Quoting Management: “Our focused approach to pricing discipline, customer mix management and cost initiatives has driven year-over-year improvement in our business, which is reflected in our operating income,” stated James Welch, chief executive officer of YRC Worldwide. “We are producing results slightly ahead of our forecast, despite the recently softening economy, and remain focused on executing our operations and sales strategies at all operating companies. We continue to be committed to delivering consistent, high-quality and cost-effective service for our customers and value for our stakeholders.”

Key Stats:

The company beat estimates last quarter after falling short in the previous two quarters. In the third quarter, it missed the mark by $1.69, and in the second quarter, it came in under estimates by $1.48.

Looking Forward: The outlook for the company’s performance in the upcoming quarter is increasingly favorable. Over the past ninety days, the average estimate for the first quarter of the next fiscal year has risen from a loss $3.10 per share to a profit of $2.07. For the fiscal year, the average estimate has moved from a loss of $21.89 a share to a loss of $19.55 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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