FORT SMITH, Ark. (AP) — FORT SMITH, Ark. (AP) — ArcBest Corp. (ARCB) on Friday reported second-quarter earnings of $40.4 million.
On a per-share basis, the Fort Smith, Arkansas-based company said it had net income of $1.64. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to $1.54 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The freight transportation and logistics company posted revenue of $1.1 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $1.11 billion.
ArcBest shares have increased 70% since the beginning of the year. The stock has increased 45% 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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