Earning Season in Arkansas Continues
ARKANSAS (KTHV) – Earnings season continues in Arkansas.
First, trucking and logistics firm ArcBest Corp. of Fort Smith reported fourth-quarter profit up 41 percent to $14.5 million. The quarter capped a big fiscal year for the company, which last year changed its name from Arkansas Best and rebranded itself.
For the full year, profit nearly tripled to $46 million. Revenue grew as well, reaching $2.6 billion.
CEO Judy McReynolds called 2014 a “pivotal year for the company.”
In Little Rock, third-quarter results for data and software services company Acxiom Corp.
The good news: this quarter ended a streak of quarterly losses by the company going back to last year. On the downside, profit was lower than it was in the same quarter last down, falling 72 percent to $4.2 million.
This comes as Acxiom winds down one business — IT Infrastructure Manager — and ramps up new services.
CEO Scott Howe cited growth, saying the company added new clients and contracts. The company also met Wall Street expectations for quarterly revenue, at $260 million.