FORT SMITH, Ark. (AP) — FORT SMITH, Ark. (AP) — ArcBest Corp. (ARCB) on Tuesday reported a first-quarter loss of $2.3 million, after reporting a profit in the same period a year earlier.
The Fort Smith, Arkansas-based company said it had a loss of 10 cents per share. Earnings, adjusted for one-time gains and costs, were $1.34 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The freight transportation and logistics company posted revenue of $1.04 billion in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $1.03 billion.
ArcBest shares have risen 7.5% since the beginning of the year. The stock has increased 44% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARCB at https://www.zacks.com/ap/ARCB
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
