ArcBest drops after lower Q1 revenue

Logistics company ArcBest's shares ARCB.O down ~4.9% at $56.20

ArcBest reports Q1 revenue of $967.1 mln, compared to $1 bln, a year ago

Co's Q1 operating income in its asset-based segment falls to $26.4 mln, compared to $53.5 mln a year earlier

ArcBest's Q1 total tonnage per day decreases 4.3% in asset-based segment, hurt by continued weakness in manufacturing sector

Five of 13 brokerages rate the stock "buy" or higher, seven "hold" and one "sell"; their median PT is $95 — LSEG data

Including session's moves, stock down ~40% YTD