Yellow affirms outlook for business ‘healthy’
Yellow Roadway Corp. on Monday affirmed its earlier earnings guidance for its fourth quarter and the year, saying its business was shaping up as expected.
The company expects profits for the fourth quarter of between $1.30 and $1.35 per share and annual earnings of between $5.18 and $5.23 per share.
“We continue to see a good economy across the board,” Chief Executive Officer Bill Zollars said. “Our absolute business volumes are healthy and remain consistent with our earlier expectations.”
Yellow shares lost $1.29, or 2.8 percent, to close at $45.16 in trading Monday on the Nasdaq Stock Market.







