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. 

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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

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