FORT SMITH, Ark. (AP) — FORT SMITH, Ark. (AP) — ArcBest Corp. (ARCB) on Friday reported fourth-quarter earnings of $29 million.
On a per-share basis, the Fort Smith, Arkansas-based company said it had net income of $1.24. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The freight transportation and logistics company posted revenue of $1 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $997.9 million.
For the year, the company reported profit of $174 million, or $7.30 per share. Revenue was reported as $4.18 billion.
ArcBest shares have increased slightly more than 1% since the beginning of the year. The stock has declined 23% in the last 12 months.
_____
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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.