YRC stock jumps 26 percent on good earnings, the most since 2013

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.

The Star and news services

This story was originally published July 31, 2015 at 8:18 PM with the headline "YRC stock jumps 26 percent on good earnings, the most since 2013."