ArcBest Reports Q4 Earnings Beat, Revenue Tops Forecasts
FORT SMITH, Ark. - ArcBest Corp. (ARCB) announced fourth-quarter earnings of $29 million, translating to $1.24 per share. Adjusted earnings reached $1.33 per share, surpassing analyst expectations of $1.05.
Revenue for the period totaled $1 billion, exceeding estimates of $997.9 million. For the full year, ArcBest reported a profit of $174 million ($7.30 per share) on revenue of $4.18 billion.
Since the start of the year, ArcBest stock has gained over 1%, although it has declined by 23% over the past 12 months.