Why YRC Worldwide (YRCW) Stock Is Declining Today

NEW YORK (TheStreet) --Shares of YRC Worldwide Inc. (YRCW) are lower by -17.69% to $21.55 in mid-morning trading on Friday, after the trucking company reported a net loss of -$4.9 million, or -16 cents per share for the 2014 second quarter, compared to a net loss of -$15.1 million, or -$1.72 per share from the year ago period. 

Analysts polled by Thomson Reuters expected YRC Worldwide to report a loss of -1 cent per share.

Second quarter results were impacted by "the network not being fully in cycle which resulted in a decrease in productivities, the re-handling of freight and less than optimal use of purchased transportation," company CEO James Welch said. 

Must Read: Warren Buffett's 25 Favorite Stocks

However, the company posted an increase in operating revenue to $1.32 billion versus $1.24 billion, beating the consensus estimate of $1.31 billion.

YRCW Chart YRCW 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

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Component Stocks Rise After Trump Reverses Decision on ZTE

Component Stocks Rise After Trump Reverses Decision on ZTE