Why Yellow Corp. Stock Is in the Fast Lane Today

Trucking company Yellow Corporation (NASDAQ: YELL) reported second-quarter earnings Wednesday that came in well ahead of expectations. Investors reacted by hitting the gas, sending Yellow shares up as much as 58% in Thursday trading, as of around noon ET.

Yellow has long been a laggard in the trucking industry, burdened with a mountain of debt taken on to consolidate the industry. But increasingly it appears the worst is behind it.

On Wednesday after markets closed, Yellow reported second-quarter earnings of $1.17 per share, easily beating the $0.45 per share analysts had expected. Revenue was $1.424 billion, slightly ahead of expectations and 8.4% above the same three months of 2021.

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Source Fool.com