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ArcBest: 2Q Earnings Snapshot

July 29, 2020 GMT

FORT SMITH, Ark. (AP) _ ArcBest Corp. (ARCB) on Wednesday reported second-quarter profit of $15.9 million.

The Fort Smith, Arkansas-based company said it had profit of 61 cents per share. Earnings, adjusted for non-recurring costs and pretax expenses, were 67 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The freight transportation and logistics company posted revenue of $627.4 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $638.7 million.

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ArcBest shares have climbed 16% since the beginning of the year. The stock has risen 15% 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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