Why YRC Worldwide (YRCW) Is Gaining Today

NEW YORK (TheStreet) -- YRC Worldwide (YRCW) gained 14.9% to $26 Thursday after reporting fourth-quarter results that beat analyst estimates.

For the fourth quarter YRC posted a loss of $1.71 a share, compared to a loss of $4.53 a share in the year-ago quarter. Analysts surveyed by Thomson Reuters expected a loss of $2.77 a share. Revenue rose 3% from the year-ago quarter to $1.21 billion, while analysts expected revenue of $1.18 billion.

YRC was able to post a profit of $400,000 for the quarter, compared to a loss of $35.3 million in the year-ago quarter. "For the first time in the last five years, we do not have the overhang of any near-term debt maturities," CEO James Welch said in a statement.

The trucking company recently reached a deal with the Teamsters Union that extended the company's labor contract until 2019. The extended contract helped the YRC restructure its $1.36 billion debt.

Must read: 5 Stocks Insiders Love Right Now

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

YRCW ChartYRCW data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Asia Markets Fall on Latest Tariff Threats From Trump

Asia Markets Fall on Latest Tariff Threats From Trump

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Dow Drops Over 100 Points on Trade War Worries

Dow Drops Over 100 Points on Trade War Worries