ArcBest (ARCB) Tops Q3 EPS by 32c, Revenues Beat

ArcBest (NASDAQ: ARCB) reported Q3 EPS of $1.44, $0.32 better than the analyst estimate of $1.12. Revenue for the quarter came in at $826.2 million versus the consensus estimate of $815.02 million.

"I am proud of our team for producing the third consecutive quarter of very positive results this year at ArcBest as we collaborate across the organization to provide customers the best solutions to their supply chain needs," said Chairman, President and CEO Judy R. McReynolds. "Our sales, yield and operations teams – supported by significant technology investments we have made over the last several years – are doing an excellent job helping our customers navigate the industry capacity shortage while ensuring that ArcBest receives the appropriate value for our services. Significantly, our asset-based business reported its best third quarter operating ratio since 2006, and we experienced a strong net revenue improvement in our asset-light business."

For earnings history and earnings-related data on ArcBest (ARCB) click here.

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