Yellow Corporation (YELL) Misses Q1 EPS by 15c
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Yellow Corporation Reports First Quarter 2022 Results
May 10, 2022 4:01 PM EDTNASHVILLE, Tenn., May 10, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported results for the first quarter ended March 31, 2022. Operating revenue was $1.260 billion and operating income was $9.2 million, which included a $5.5 million net gain on property disposals. In comparison, operating revenue in the first quarter of 2021 was $1.198 billion and operating loss was $27.6 million, which included a $1.0 million net loss on property disposals.
Net loss for first quarter 2022 was $27.5 million, or $0.54 per share, compared to net loss of $63.3 million, or $1.26 per share, in the first quarter of 2021.
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