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.
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