Arcbest reports q1 earnings per share of $0.07

Arcbest® announces first quarter 2020 results.q1 non-gaap earnings per share $0.36.q1 earnings per share $0.07.q1 revenue $701.4 million versus refinitiv ibes estimate of $706 million.q1 earnings per share estimate $-0.11 -- refinitiv ibes data.covid-19 pandemic did not significantly impact q1 financial results.arcbest - april 2020 business decline due to covid-19 resulted in yoy and sequential consolidated revenue reduction of about 20% during month.arcbest - for 2020, total net capital expenditures are estimated to range from $95 million to $105 million.arcbest - implemented cost reductions that include, but not limited to, 15% decrease in salaries or work hours of all nonunion employees.
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