Arkansas Best Earnings: Here’s Why Investors are Dumping Shares Now

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Arkansas Best Corporation (NASDAQ:ABFS) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. Shares are down 5.6%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

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.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business