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YRC Worldwide Schedules First Quarter 2020 Earnings Conference Call

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  • YRC Worldwide Schedules First Quarter 2020 Earnings Conference Call

    "April 29th. YRC Worldwide Inc.(NASDAQ: YRCW), announced today that onTuesday May 5, 2020, at5:00 p.m. ET, company executives will host a conference call with the investment community to discuss first quarter 2020 results. The financial results will be released the same day,May 5, 2020, after the market closes.

    The call will be webcast and can be accessed live or as a replay via theYRC Worldwide website yrcw.com."

    http://investors.yrcw.com/news-relea...ngs-conference

    Sent from my SM-J327T using Tapatalk
    Last edited by 222lifer; 04-30-2020, 05:33 PM.

  • #2
    Re: YRC Worldwide Schedules First Quarter 2020 Earnings Conference Call

    attached the .pdf document
    Attached Files

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    • #3
      Re: YRC Worldwide Schedules First Quarter 2020 Earnings Conference Call

      I'll drop this here as it goes along with YRC's earnings call.

      YRC management avoids questions following earnings beat
      Citing a “tremendous amount of uncertainty surrounding COVID-19 and the rapidly changing environment,” management on YRC Worldwide’s (NASDAQ: YRCW) first-quarter 2020 earnings call excluded questions from analysts.
      The less-than-truckload (LTL) carrier reported net income of $4.3 million in first quarter 2020, 12 cents per share on a diluted basis and well ahead of the consensus estimate of a 57-cent-per-share loss. The result included $39.3 million in gains on property sales versus a $1.6 million loss on property disposals in the prior-year period.
      Excluding the impact of gains/losses on disposal of assets and adjusting for noncash and nonrecurring items, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased $4 million year-over-year to $34.1 million.
      On the call, management said LTL volumes were off nearly 24% year-over-year in April after seeing a sharp correction in mid-March.
      Shares of YRCW on Monday were up more than 40% in after-hours trading on the better-than-expected headline result.
      https://www.freightwaves.com/news/yr...-earnings-beat

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      • #4
        Re: YRC Worldwide Schedules First Quarter 2020 Earnings Conference Call

        This all revolves around the earnings report and the virus crisis.

        Speculation on YRC’s survival ramps up
        One sell-side analyst has thrown in the towel on YRC Worldwide (NASDAQ: YRCW).
        Following a mixed bag first quarter 2020, in which the carrier reported better-than-expected results, announced it was unlikely to meet future financial covenants and opted out of taking questions from analysts on its earnings call, Stifel Financial (NYSE: SF) equity research analyst David Ross has tapped out.
        In a Tuesday report to clients, Ross announced that he has suspended his rating and estimates for the less-than-truckload (LTL) carrier.
        “Due to uncertainty around the current liquidity situation and no ability to predict the outcome of YRC’s requests for external relief, we are suspending our rating on the shares,” stated Ross. He went on to state that he views the stock as a “trading vehicle and highly volatile,” noting that it could see 50% or more swings in share price in the weeks and months to come.
        https://www.freightwaves.com/news/sp...vival-ramps-up

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