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These Analysts Revise Their Forecasts On ArcBest Following Q2 Results
ArcBest Corporation (NASDAQ:ARCB) reported worse-than-expected second-quarter adjusted EPS results on Friday.
ArcBest reported a second-quarter FY24 revenue of $1.08 billion, ahead of the consensus of $1.06 billion. Adjusted EPS was $1.98 compared to $1.54 a year ago, missing the consensus of $2.06, according to data from Benzinga Pro.
Asset-Based $712.7 million (per-day decrease of 2.1%), and Asset-Light $395.8 million (per-day decrease of 4.2%). Asset-based business total tonnage per day decreased by 20.3%, and total shipments per day fell by 4.8% Y/Y.
ArcBest declared a quarterly cash dividend of $0.12 per share, payable on August ...