Sumting Wong
TB Lurker
- Credits
- 341
FORT SMITH, Ark. (AP) _ ArcBest Corp. (ARCB) on Friday reported a loss of $7.4 million in its first quarter.
On a per-share basis, the Fort Smith, Arkansas-based company said it had a loss of 29 cents. Losses, adjusted for restructuring costs and non-recurring costs, were 22 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The freight transportation and logistics company posted revenue of $651.1 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $658.9 million.
ArcBest shares have decreased 5 percent since the beginning of the year. The stock has climbed 55 percent in the last 12 months.
https://finance.yahoo.com/news/arcbest-reports-1q-loss-101723436.html
On a per-share basis, the Fort Smith, Arkansas-based company said it had a loss of 29 cents. Losses, adjusted for restructuring costs and non-recurring costs, were 22 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The freight transportation and logistics company posted revenue of $651.1 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $658.9 million.
ArcBest shares have decreased 5 percent since the beginning of the year. The stock has climbed 55 percent in the last 12 months.
https://finance.yahoo.com/news/arcbest-reports-1q-loss-101723436.html