LTL, brokerage woes weigh on ArcBest's Q3 [Yahoo! Finance]
ArcBest Corporation (ARCB)
Last arcbest corporation earnings: 1/30 04:05 pm
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arcb.com/investor-relations
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Source: Yahoo! Finance
initiatives in recent quarters but really needs a more cooperative freight market to push numbers higher. ArcBest ( NASDAQ: ARCB ) reported third-quarter adjusted earnings per share of $1.64, 21 cents below the consensus estimate and 67 cents lower year over year. The adjusted EPS result excluded expenses tied to past acquisitions and ongoing technology pilots. It also excluded a $69.1 million after-tax reduction in the fair value of MoLo's earnout provision. The MoLo truck brokerage business, which ArcBest acquired three years ago , didn't meet financial targets last year and isn't expected to meet them this year. The asset-based segment, which includes ArcBest's less-than-truckload subsidiary, ABF Freight, reported a 4.2% y/y revenue decline (5.8% lower on a per-day basis), as an 11.3% decline in tonnage per day was partially offset by a 7.4% increase in revenue per hundredweight, or yield. (Yield was up by a high-single-digit percentage excluding fuel surcharges.) A 10.7% y
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ARCB
News
- ArcBest Named to Fast Company’s List of the Next Big Things in TechBusiness Wire
- LTL general rate increases buck pricing concerns for industry [Yahoo! Finance]Yahoo! Finance
- Fraud Watch: Uncovering the dark side of freight [Yahoo! Finance]Yahoo! Finance
- ArcBest Co. (NASDAQ: ARCB) had its price target raised by analysts at Citigroup Inc. from $110.00 to $127.00. They now have a "neutral" rating on the stock.MarketBeat
- We Think That There Are Some Issues For ArcBest (NASDAQ:ARCB) Beyond Its Promising Earnings [Yahoo! Finance]Yahoo! Finance
ARCB
Earnings
- 11/1/24 - Miss
ARCB
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- 11/8/24 - Form 4
- ARCB's page on the SEC website