ArcBest (ARCB) Tops Q1 EPS by 36c
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ArcBest® Announces First Quarter 2018 Results
May 10, 2018 4:05 PM EDTFORT SMITH, Ark., May 10, 2018 /PRNewswire/ -- ArcBest® (Nasdaq: ARCB) today reported first quarter 2018 revenue of $700.0 million compared to first quarter 2017 revenue of $651.1 million. First quarter 2018 operating income was $12.7 million compared to an operating loss of $9.9 million last year. Net income was $10.0 million, or $0.37 per diluted share compared to a first quarter 2017 net loss of $7.4 million, or $0.29 per diluted share. Due to the lower corporate tax rate under the Tax Reform Act, first quarter 2018 net income reflects the impact of a $2.6 million reduction of income tax liabilities related to deferred income taxes... More
