NEW YORK (TheStreet) -- Shares of YRC Worldwide (YRCW) were diving 25.8% to $10.03 on heavy trading volume Friday afternoon after the company posted weaker-than-expected results for the 2016 third quarter.

Following yesterday's closing bell, the Overland Park, KS-based trucking company reported earnings of 42 cents per diluted share on revenue of $1.22 billion.

Analysts surveyed by FactSet were looking for earnings of 53 cents per share on revenue of $1.23 billion.

"Our third quarter 2016 financial results were impacted by the soft industrial backdrop and lower fuel surcharge revenue compared to a year ago," CEO James Welch said in a statement.

"We continue to believe pricing discipline in the LTL sector remains steady despite the near-term headwinds," he added.

More from Markets

Jerome Powell, PepsiCo, Sodastream and Tesla - 5 Things You Must Know

Jerome Powell, PepsiCo, Sodastream and Tesla - 5 Things You Must Know

Here's Why Stock Picking Is Especially Important in the Retail Sector

Here's Why Stock Picking Is Especially Important in the Retail Sector

U.S. Stock Futures Edge Higher Ahead of Trade Talks

U.S. Stock Futures Edge Higher Ahead of Trade Talks

PepsiCo to Buy SodaStream in $3.2 Billion Deal

PepsiCo to Buy SodaStream in $3.2 Billion Deal

Here Comes a Tesla Roadster and a New Stock Market Record: Week Ahead

Here Comes a Tesla Roadster and a New Stock Market Record: Week Ahead