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Stock Market & Financial Investment News

News Breaks
July 31, 2014
06:52 EDTARCBArcBest reports Q2 EPS 63c, consensus 72c
Reports Q2 revenue $658.6M, consensus $642.6M. The Q2 results included additional items of note: The effect of the two-class method used for calculating earnings per share, which requires the allocation of a portion of dividends and net income to unvested restricted shares in determining per common share amounts equaling 3c per share. Costs of long-term incentive plans that are driven by ArcBest's total shareholder return relative to its peer group equaling 7c per share. On a combined basis, these two items approximated 10c per share in Q2, compared to a 2c per share effect in 2Q13. These items could occur in future periods depending on financial results and changes in ArcBest's share price.
News For ARCB From The Last 14 Days
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February 4, 2016
10:00 EDTARCBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADTRAN (ADTN) upgraded to Market Perform from Underperform at Cowen... Alpha & Omega (AOSL) upgraded to Outperform from Market Perform at Northland... Ambarella (AMBA) upgraded to Buy from Neutral at Dougherty... ArcBest (ARCB) upgraded on valuation at Stifel... Arlington Asset Investment (AI) upgraded to Buy from Neutral at Ladenburg... Atwood Oceanics (ATW) upgraded to Accumulate from Hold at KLR Group... Buffalo Wild Wings (BWLD) upgraded to Outperform from Market Perform at Raymond James... C.H. Robinson (CHRW) upgraded to Outperform from Market Perform at Raymond James... CDK Global (CDK) upgraded to Outperform from Market Perform at Barrington... Cadence Design (CDNS) upgraded on valuation, guidance at DA Davidson... China Unicom (CHU) upgraded to Buy from Hold at HSBC... Cloud Peak (CLD) upgraded to Market Perform from Underperform at FBR Capital... Cree (CREE) upgraded to Outperform from Market Perform at Northland... CrossAmerica (CAPL) upgraded to Outperform from Neutral at Baird... Hub Group (HUBG) upgraded on results at Stifel... Kennametal (KMT) upgraded to Neutral from Underperform at Longbow... Lannett (LCI) upgraded to Buy from Hold at Craig-Hallum... Lowe's (LOW) upgraded to Conviction Buy from Buy at Goldman... Mattel (MAT) upgraded to Buy from Sell at Argus... New Oriental Education (EDU) upgraded to Buy from Neutral at Mizuho... Olin Corp. (OLN) upgraded to Buy from Neutral at Monness Crespi... RONA (RONAF) upgraded to Equal Weight from Underweight at Barclays... Red Hat (RHT) upgraded to Outperform from Market Perform at Cowen... Wayfair (W) upgraded to Buy from Neutral at Goldman... Whirlpool (WHR) upgraded to Buy from Neutral at Goldman... Yahoo (YHOO) upgraded to Buy from Neutral at Citi... Zumiez (ZUMZ) upgraded to Buy from Hold at Brean Capital... adidas (ADDYY) upgraded to Buy from Neutral at Goldman.
08:16 EDTARCBArcBest upgraded on valuation at Stifel
As noted earlier, Stifel upgraded Arc Best to Buy from Hold. The firm upgraded the stock based on valuation. Target $23.
06:25 EDTARCBArcBest upgraded to Buy from Hold at Stifel
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February 3, 2016
05:37 EDTARCBArcBest sees FY16 CapEx $170M-$200M
For 2016, total net capital expenditures are estimated to range from $170 million to $200 million. This includes revenue equipment purchases of $95 million primarily at ABF Freight. Expected real estate expenditures totaling approximately $45 million are for expansion opportunities, and include construction costs delayed from 2015 for previously disclosed call center facilities and a needed office building, a portion of which replaces leased space. The remainder of expected capital expenditures includes the costs of other facility and handling equipment at ABF Freight and technology investments across the corporation. ArcBest's depreciation and amortization costs on property, plant and equipment in 2016 are estimated to be in a range of $100 million to $110 million.
05:36 EDTARCBArcBest reports Q4 tonnage per day down 4.9%
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05:35 EDTARCBArcBest reports Q4 adjusted EPS 21c, consensus 41c
Reports Q4 revenue $648.13M, consensus $652.52M.

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