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    Taking A Stand!!!

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    Default ArcBest beats Street 2Q forecasts

    FORT SMITH, Ark. (AP) _ ArcBest Corp. (ARCB) on Friday reported second-quarter net income of $15.8 million.

    On a per-share basis, the Fort Smith, Arkansas-based company said it had net income of 60 cents. Earnings, adjusted for one-time gains and costs, came to 57 cents per share.

    The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

    The freight transportation and logistics company posted revenue of $720.4 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $719.3 million.

    ArcBest shares have fallen 22 percent since the beginning of the year. The stock has risen 21 percent in the last 12 months.
    https://finance.yahoo.com/news/arcbe...102006900.html
    Last edited by ABFwife; 07-29-2017 at 08:49 AM.

 

 

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