YRC Worldwide’s stock surged the most in a day since 2013 on Friday, rising 26 percent and closing at $19.30 a share after quarterly earnings exceeded analysts’ profit estimates.
The trucking company based in Overland Park has been struggling with annual losses since 2007. But following YRC’s second-quarter earnings release Thursday, Stifel Financial Corp.’s David Ross said Friday: “BBQ ain’t the only thing hot right now in KC.”
Though quarterly revenue was down from a year ago, YRC said that was part of an effort to focus on its most profitable work.
The company’s stock had a good week even before its Friday surge. YRC shares had closed the previous Friday at just $12.39. Despite those gains, it’s still off 14 percent since the start of 2015.
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