Arkansas Best Earnings: Here’s Why Investors are Dumping Shares Now
Arkansas Best Corporation (NASDAQ:ABFS) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. Shares are down 5.6%.
Arkansas Best Corporation Earnings Cheat Sheet
Results: Net loss increased to $5.5 million (22 cents per diluted share) in the quarter versus a net gain of $1.4 million in the year-earlier quarter.
Revenue: Rose 15.92% to $537 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Arkansas Best Corporation reported adjusted net loss of 22 cents per share. By that measure, the company missed the mean analyst estimate of -$0.4. It beat the average revenue estimate of $524.17 million.