Markets ARCB

ArcBest Slips To Q1 Net Loss

(RTTNews) - ArcBest (ARCB), a logistics company, Tuesday reported a loss in the first quarter compared with profit last year, despite higher revenues.

For the First quarter, Net loss was $1.04 million or $0.05 per share, compared with the net income of $3.13 million or $0.13 per share, in the prior year.

The company posted higher other expenses for the quarter which came in at $4.76 million compared to $2.46 million a year earlier.

Excluding items, earnings were $7.2 million, or $0.32 per share, compared to $11.9 million, or $0.51 per share, last year.   However, Quarterly revenue rose to $998.79 million from $967.07 million a year earlier, driven by shipment growth led by Managed.   On the Nasdaq, shares of ArcBest were gaining 0.21 percent in pre market activity at $127.01, after closing Monday's regular trading 3.46 percent higher at $126.74

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available