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January 30, 2013
05:46 EDTABFSArkansas Best reports Q4 EPS (31c), consensus (4c)
Reports Q4 revenue $537M, consensus $524.17M. This quarter's results include an after-tax charge of $2.4M, or 9c per share, related to an actuarial adjustment to ABF's workers' compensation expense. The liabilities associated with Arkansas Best's self-insured portion of these costs are estimates based on a number of variables and assumptions. During Q4, information indicating that many of these claims had a longer duration and higher payments than initially projected resulted in a thorough actuarial review and in this adjustment.
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