Why Yellow Corp. Stock Is Plunging Today
Shares of Yellow Corp. (NASDAQ: YELL) drove off a cliff on Thursday, with the stock falling by nearly 30% after the trucking company reported underwhelming quarterly results.
On Wednesday evening, Yellow reported a first-quarter loss of $1.26 per share, well below the $0.64 consensus despite generating revenue that, at $1.2 billion, was slightly better than expectations. The company blamed winter weather, saying bad storms had a $16 million negative impact on operating income.
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Source Fool.com
