earnings

ArcBest Corp. (ARCB) on Tuesday reported a first-quarter loss of $1 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Fort Smith, Arkansas-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, were 32 cents per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. The freight transportation and logistics company posted revenue of $998.8 million in the period, which also topped Street forecasts.