ArcBest (ARCB) Misses Q4 EPS by 20c
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ArcBest Corporation® Announces Fourth Quarter 2015 And Full Year 2015 Results
February 3, 2016 4:00 AM ESTFORT SMITH, Ark., Feb. 3, 2016 /PRNewswire/ --Â ArcBest Corporation (Nasdaq: ARCB) today reported fourth quarter 2015 financial results reflecting a soft freight environment associated with high customer inventory levels and weakness in the manufacturing and industrial sectors of the economy. Fourth quarter and full year revenues were significantly impacted by the effect of lower diesel fuel prices on fuel surcharge revenues.Â
Fourth Quarter 2015 Results
ArcBest's revenue was $648.1 million compared to revenue of $664.8 million in the fourth quarter of 2014, a decrease of 2.5 percent. Net income was $5.0 million, or $0.19 per diluted share... More
