3 Years Ago
1 Min Read
YELL up 55%. Here's why:
Yellow Corporation (YELL) is trading 55% higher at $7.315 today.
- Q2 GAAP EPS: $1.15 vs. -$0.18 previous year, while revenue grew 8.4% Y/Y to $1.42B
- Operating income: ~3x to $99.2M, versus $27M in Q2 2021
- CEO Darren Hawkins: "Strong yield and efforts to manage the use of purchased transportation helped YELL achieve its highest quarterly operating income in 15 years"
- "Elevated demand for LTL capacity continued during Q2, which drove favorable pricing environment"
- Q2 LTL revenue per hundredweight increased 29.7% and LTL revenue per shipment rose 27.8% with fuel surcharge, revenue per hundredweight increased 15.3% and LTL revenue per shipment rose 13.7% excluding fuel surcharge
- Q2 LTL tonnage per workday decreased 16.4%
- YELL cut its 2022 capex guidance to $250M-$300M vs. $325M-$400M previously citing limited tractor and trailer production capacity at OEMs
Yellow Corporation has been trading between a 52-week high of $15.24 and a 52-week low of $2.82. The stock has a market cap of $377 Million.
Yellow Corporation has one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities. Through our teams of experienced service professionals, Yellow Corporation offers industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial, and retail goods with confidence. Yellow Corporation, headquartered in Overland Park, Kan., is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company HNRY Logistics.
Headlines
Thinking about buying stock in Exicure, Yellow Corp, Senseonics, Global Blood Therapeutics, or Motus GI?
Benzinga 08-04-22
Yellow Corporation 2023 Q2 - Results - Earnings Call Presentation (NASDAQ:YELL)
Seeking Alpha 08-03-22
Yellow Q2 2022 Earnings Preview (NASDAQ:YELL)
Seeking Alpha 08-02-22
Shocking stocks: Digital Brands Group, Inc. (NASDAQ:DBGI 1.28%), Yellow Corporation (NASDAQ:YELL 8.38%)
Stock Equity 07-20-22
Yellow Corporation (NASDAQ:YELL) Up 15.57% Since 52-Week Low; YTD Fall -73.47% – Here’s What You Need To Do
Marketing Sentinel 07-09-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
surmoiFire - 2 upvotes - source
YELL 🥹
__aydin__ - 1 upvotes - source
YELL reported great earnings. Got some under $4 a while ago. Hope it surpasses its 52 week high soon.
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