Friday, January 27, 2006

Quarterly profit jumps 24% at Arkansas Best

Decreased tonnage and increased prices marked the end of Arkansas Best Corp. ’s fourth quarter.
The Fort Smith-based carrier reported Thursday that it had $ 30. 2 million, or $ 1. 18 per share, in net income for the quarter ending Dec. 31. That’s a 24 percent increase compared with $ 24. 4 million, or 95 cents per share, in 2004 ’s fourth quarter.
It reported revenues of $ 496. 4 million, a 9 percent increase over $ 454. 5 million for the year-ago period.
Arkansas Best, whose primary operating subsidiaries are ABF Freight System Inc. and Clipper Group, beat the average earnings estimate of $ 1. 08 per share from nine analysts surveyed by Thomson Financial. Full story here........

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