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ArcBest Reports Q4 Loss Despite Beating Revenue Forecasts
Summary by Arkansas Business
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ArcBest Reports Q4 Loss Despite Beating Revenue Forecasts
ArcBest Corp. of Fort Smith (Nasdaq: ARCB) reported Friday a fourth-quarter loss of $8.1 million, down from a profit of $29 million a year ago. Earnings per share was a loss of 36 cents, down from $1.24. Adjusted earnings came to 36 cents per share. The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. The freight transportation and lo…
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