ArcBest Q2 Adj EPS $1.54 Misses $2.05 Estimate, Sales $1.10B Miss $1.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
ArcBest reported Q2 adjusted earnings of $1.54 per share, missing the analyst consensus estimate of $2.05 by 24.88%. This is a 64.19% decrease from the same period last year. The company also reported quarterly sales of $1.10 billion, missing the analyst consensus estimate of $1.11 billion by 0.63%. This is a 20.82% decrease from the same period last year.
July 28, 2023 | 10:02 am
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NEGATIVE IMPACT
ArcBest's Q2 earnings and sales missed estimates, marking a significant decrease from the same period last year.
ArcBest's earnings and sales missed analyst estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100