FORT SMITH, Ark. (AP) — FORT SMITH, Ark. (AP) — ArcBest Corp. (ARCB) on Wednesday reported second-quarter net income of $25.8 million.
The Fort Smith, Arkansas-based company said it had profit of $1.12 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.36 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.
The freight transportation and logistics company posted revenue of $1.02 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.04 billion.
ArcBest shares have declined 12% since the beginning of the year. The stock has decreased 32% in the last 12 months.
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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
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