ArcBest stock price jumped after a brutal earnings swing — what to watch next week
ArcBest shares climbed 5.8% to $90.22 Friday, rebounding from a 6.6% drop after posting a fourth-quarter loss on a $9.1 million impairment charge. Revenue topped estimates at $972.7 million, but non-GAAP earnings missed forecasts. Goldman Sachs raised its price target to $100, citing tonnage growth. Investors await U.S. factory and jobs data for signals on freight demand.