R-14Driver
TB Legend
- Credits
- 0
(Reuters) - U.S. trucker Arkansas Best Corp reported a wider-than-expected quarterly loss, hurt by higher costs and lower daily tonnage levels.
Daily tonnage - the amount of cargo a truck carries - which was impacted by pricing actions taken last year, was effectively 12.5 percent below last year's levels, the company said in a statement on Friday.
Net loss for the first quarter rose to $18.2 million, or 71 cents per share, from $12.8 million, or 51 cents per share, a year ago.
Revenue rose 1 percent to $440.9 million for the quarter ended March 31.
Analysts on average had expected a loss of 18 cents per share on revenue of $450.7 million, according to Thomson Reuters I/B/E/S............................
UPDATE 1-Arkansas Best loss widens | Reuters
Daily tonnage - the amount of cargo a truck carries - which was impacted by pricing actions taken last year, was effectively 12.5 percent below last year's levels, the company said in a statement on Friday.
Net loss for the first quarter rose to $18.2 million, or 71 cents per share, from $12.8 million, or 51 cents per share, a year ago.
Revenue rose 1 percent to $440.9 million for the quarter ended March 31.
Analysts on average had expected a loss of 18 cents per share on revenue of $450.7 million, according to Thomson Reuters I/B/E/S............................
UPDATE 1-Arkansas Best loss widens | Reuters