Reuters: Global Markets: YRC Worldwide posts another loss, looks at recapitalization

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

YRC Worldwide posts another loss, looks at recapitalization Aug 7th 2013, 13:20 Wed Aug 7, 2013 9:20am EDT (Reuters) - Trucking company YRC Worldwide Inc (YRCW.O) said it was looking at recapitalization options, as it reported a larger-than-expected quarterly loss. YRC Worldwide shares were set to open nearly 16 percent down on the Nasdaq on Wednesday, after the company reported its ninth loss in the past 10 quarters. The net loss attributable to the company narrowed to $15.1 million, or $1.72 per share, in the second quarter from $22.6 million or $3.21 per share, a year earlier. However, the loss was far greater than the 64 cents analysts on average had expected, according to Thomson Reuters I/B/E/S. Chief Financial Officer Jamie Pierson said the company retained Credit Suisse along with the MAEVA Group to explore refinancing and recapitalization options. YRC Worldwide shares closed at $28.58 on Tuesday.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions