FORT SMITH — ArcBest Corp. (ARCB) on Friday reported first-quarter net income of $71.3 million.
On a per-share basis, the Fort Smith, Arkansas-based company said it had profit of $2.84. Earnings, adjusted for one-time gains and costs, were $1.58 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
The freight transportation and logistics company posted revenue of $1.11 billion in the period.
ArcBest shares have increased 28% since the beginning of the year. The stock has climbed 27% 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