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The truck sector is combating with driver shortages.
Ryder System (R) is scheduled to release third-quarter 2016 results on Oct 25.
J.B. Hunt Transport Services Inc. (JBHT) is set to release third-quarter 2016 results, before the market opens on Oct 17.
Labor shortage has been the bane for truck companies for quite some time.
J.B. Hunt Transport Services Inc. (JBHT) is set to release second-quarter 2016 results, before the market opens on Jul 18.
SHARES OF LIONS GATE ENTERTAINMENT FALL 5 PCT IN EXTENDED TRADE AFTER QUARTERLY RESULTS - RTRS TABLEAU SOFTWARE SHARES TUMBLE 40 PCT IN AFTER HOURS TRADING - RTRS YRC WORLDWIDE SHARES DOWN 16.4 PCT AFTER THE BALL FOLLOWING RESULTS - RTRS SPLUNK INC SHARES DOWN 7.6 PCT IN AFTER HOURS TRADING - RTRS LINKEDIN SHARES EXTEND DECLINE, DOWN 24 PCT AFTER RESULTS, GUIDANCE - RTRS HANESBRANDS SHARES FURTHER ADD TO LOSSES IN EXTENDED TRADE, LAST DOWN 14.9 PCT - RTRS OUTERWALL SHARES FALL 11 PCT IN EXTENDED TRADING AFTER QUARTERLY RESULTS - RTRS GENWORTH SHARES DOWN 16.5 PCT AFTER THE BELL FOLLOWING RESULTS, RESTRUCTURING PLAN
Shares of YRC Worldwide (YRCW +17.6%) continue to break higher after the company secured a new credit agreement. The company expects to be in compliance with its Q3 leverage ratio covenant as a result of the new deal. BB&T Capital sees the development as a positive for YRC and notes it removes "significant" uncertainty from the market. Post your comment!
YRC Worldwide (NASDAQ:YRCW) +9.8% AH after launching an amendment to its term loan credit agreement to revise its leverage ratio covenant from Q3 2014 through Q4 2016.YRCW also says it expects to report adjusted EBITDA of $75M-$80M and operating income of $22M-$27M for Q3, vs. year-ago Q3 adjusted EBITDA of $62M and operating income of $59M. Post your comment!
YRC Worldwide (YRCW +2.5%) is upgraded to Buy from Hold with a $40 price target at BB&T Capital, which says YRCW is in the early stages of a turnaround but will become profitable and unlock operating leverage. With labor and bank peace, BB&T says YRCW's focus now is on improving operations and customer service, which should return the less-than-truckload carrier to profitability in 2015 and bring significant deleveraging along with a new bank agreement that could lower average interest expense to ~5% from ~8% by 2016. Post your comment!
YRC Worldwide looks well positioned for a solid gain, but has been overlooked by investors lately
YRC Worldwide could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision front
YRC Worldwide, Inc. (YRCW): Q4 EPS of -$1.71 beats by $1.10.Revenue of $1.21B (+3.4% Y/Y) beats by $30M.Press Release 1 comment!
Investors are betting against YRC Worldwide (YRCW), Should You?
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