FORT SMITH, Ark. (AP) — FORT SMITH, Ark. (AP) — ArcBest Corp. (ARCB) on Friday reported third-quarter earnings of $34.9 million.
The Fort Smith, Arkansas-based company said it had profit of $1.42 per share. Earnings, adjusted for one-time gains and costs, were $2.31 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The freight transportation and logistics company posted revenue of $1.13 billion in the period.
ArcBest shares have increased 26% since the beginning of the year. The stock has risen 13% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARCB at https://www.zacks.com/ap/ARCB