FORT SMITH, Ark. (AP) — FORT SMITH, Ark. (AP) — ArcBest Corp. (ARCB) on Wednesday reported third-quarter earnings of $39.3 million.
The Fort Smith, Arkansas-based company said it had profit of $1.72 per share. Earnings, adjusted for non-recurring gains, were $1.46 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The freight transportation and logistics company posted revenue of $1.05 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.03 billion.
ArcBest shares have fallen 23% since the beginning of the year. The stock has dropped 29% 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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