ArcBest (NASDAQ:ARCB) reported earnings last week that showed phenomenal improvement and the validation of the evolving structure of the company. However, shares fell almost 25% on the day of earnings as the reported EPS fell short of consensus analysts' expectations. ArcBest reported revenue of ~$666M, up 14% from the prior year, and EPS of $.63 which exploded higher from the EPS of $.18 reported during Q2 of the prior year. The headline though was that EPS missed consensus by $.07. The resultant drop of almost 25% is what happens when a stock makes almost a 300% move higher in less than 18 months. Expectations are extremely high, and even the slightest negative news flow causes an outsized reaction....
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