Shares of Yellow Corp. (NASDAQ: YELL) jumped more than 20% on Thursday following the company's third-quarter earnings release. The long-struggling trucking company did significantly better than expected in the quarter, and investors are climbing aboard today as a result.
On Wednesday after markets closed, Yellow Corp. reported third-quarter earnings per share (EPS) of $0.16 on revenue of $1.3 billion, showing much greater earnings power than what was predicted by analysts, who had forecast $0.01 in EPS on $1.3 billion in sales.
Image source: Getty Images.
For further details see:
Why Yellow Corp. Stock Is Soaring Today