ArcBest drops after lower Q1 revenue

ArcBest

29/04/2025 18:58

** Logistics company ArcBest's shares ARCB.O down ~4.9% at $56.20

** ArcBest reports Q1 revenue of $967.1 mln, compared to $1 bln, a year ago

** Co's Q1 operating income in its asset-based segment falls to $26.4 mln, compared to $53.5 mln a year earlier

** ArcBest's Q1 total tonnage per day decreases 4.3% in asset-based segment, hurt by continued weakness in manufacturing sector

** Five of 13 brokerages rate the stock "buy" or higher, seven "hold" and one "sell"; their median PT is $95 — LSEG data

** Including session's moves, stock down ~40% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))