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ArcBest misses 1Q profit forecasts

FORT SMITH, Ark. _ ArcBest Corp. on Monday reported first-quarter net income of $745,000, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. ArcBest shares have declined 21 percent since the beginning of the year.
Source: The Associated Press