ARCB - Logistics Company ArcBest's Stock Tumbles Post Q1 Results: Here's Why | Benzinga
ArcBest Corp (NASDAQ:ARCB) reported first-quarter fiscal 2024 revenue declined by 6.30% year-over-year to $1.036 billion, marginally ahead of the consensus of $1.033 billion.
Adjusted EPS was $1.34 compared to $1.58 a year ago, missing the consensus of $1.53.
The first-quarter net loss from continuing operations includes a $21.6 million after-tax, noncash impairment charge related to ArcBest’s equity investment in Phantom Auto, which ceased operations in the first-quarter of 2024.
Operating income from continuing operations was $24.435 million (+6% ...