ArcBest Corporation (ARCB), a logistics solutions provider, Tuesday reported net loss from continuing operations of $2.91 million, or $0.12 per share for the first quarter, compared with net income of $18.85 million, or $0.75 per share, in the same quarter a year ago.
Excluding one-time items, the company posted income from continuing operations of $32.3 million, or $1.34 per share, that missed the average estimate of 12 analysts polled by Thomson-Reuters of $1.53 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter declined to $1.036 billion from $1.106 billion in the previous year. The consensus estimate was for $1.03 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.