ArcBest Corp. Q4 Profit Decreases, But Beats Estimates

(RTTNews) - ArcBest Corp. (ARCB) reported a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $29.04 million, or $1.24 per share. This compares with $48.79 million, or $2.01 per share, last year.

Excluding items, ArcBest Corp. reported adjusted earnings of $31.20 million or $1.33 per share for the period.

Analysts on average had expected the company to earn $1.05 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 8.1% to $1.001 billion from $1.089 billion last year.

ArcBest Corp. earnings at a glance (GAAP) :

-Earnings: $29.04 Mln. vs. $48.79 Mln. last year. -EPS: $1.24 vs. $2.01 last year. -Revenue: $1.001 Bln vs. $1.089 Bln last year.