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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.
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October 24, 2014
16:31 EDTARCBArcBest unit announces increase in general rates of approximately 5.4%
ABF Freightsm, an ArcBest company, announced an increase in general rates and charges effective November 3. Rates will increase by about 5.4%, although the effect on specific lanes and shipments will vary. .
16:07 EDTARCBArcBest raises quarterly dividend to 6c from 3c per share
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