- Shares of Yellow ( NASDAQ: YELL ) fell nearly 20% on Friday after the transportation and logistics company reported a Q4 loss and a Y/Y decline in revenue.
- YELL stock was down 19.8% to $2.67 ahead of the closing bell.
- YELL after hours on Thursday posted Q4 GAAP EPS of -$0.30. Revenue fell 8.4% Y/Y to $1.2B.
- "In the fourth quarter, demand for LTL capacity decreased compared to the tight environment a year ago contributing to the decline in tonnage per workday," YELL CEO Darren Hawkins said in a statement .
- The company's operating ratio for Q4 was 96.6 compared to 95.7 in Q4 last year.
- Q4 LTL tonnage per workday fell 25.1% when compared to Q4 last year.
- Co's available liquidity under its ABL facility was $241.8M as of Dec. 31, 2022, compared to $358.8M a year ago.
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Shares of logistics company Yellow slip ~20% after quarterly loss, fall in revenue