Yellow Q2 EPS $(0.28) Beats $(0.96) Estimate, Sales $1.13B Miss $1.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Yellow Corporation (NASDAQ:YELL) reported Q2 earnings per share of $(0.28), beating the analyst consensus estimate of $(0.96) by 70.83%. However, the company's quarterly sales of $1.13 billion missed the analyst consensus estimate of $1.20 billion by 6.10%. Compared to the same period last year, this represents a 124.35% decrease in earnings and a 20.87% decrease in sales.
August 09, 2023 | 1:06 pm
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Yellow Corp's Q2 earnings beat estimates but sales missed, with significant YoY decreases in both earnings and sales.
Yellow Corp's Q2 earnings beat analyst estimates, which could have a positive impact on the stock. However, the company's sales missed estimates and both earnings and sales decreased significantly compared to the same period last year. This could negatively impact the stock in the short term.
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