YRC Worldwide (YRCW), the trucker, yesterday pared its fourth-quarter earnings outlook, citing "lower-than-expected volumes due to the slowdown in the economy."
But wait, scroll back several earnings-press releases ago -- to July -- and the story was different. In conjunction with reporting its best-ever earnings per share, the trucker's CEO, Bill Zollars, said, "We anticipate a healthy economy and look forward to a solid second half of the year."
So much for forecasts. (And if only this were the first time this company warned this year. If you didn't know better, you'd think something else was going on -- maybe one merger too many, but I digress...)
YRCW 1-yr chart: