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ArcBest Reports $39.3M Q3 Profit, Topping Wall Street Forecasts
Summary by Arkansas Business
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ArcBest Reports $39.3M Q3 Profit, Topping Wall Street Forecasts
ArcBest Corp. of Fort Smith on Wednesday reported sharply lower third-quarter profits but still beat Wall Street expectations. Income in the period was $39.3 million, down 60.8% from $100.3 million a year ago. The healthy income in 2024 was due primarily to a reduction in payouts related to the company’s $235 million acquisition of MoLo Solutions of Chicago in 2021. Earnings per share came to $1.72. Adjusted earnings were $1.46 per share, toppin…
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