USA Truck quarterly profit first since '15
USA Truck on Thursday reported a quarterly profit for the first time since 2015, but the company continues to lose money from its trucking segment.
The Van Buren-based company released its earnings report for the period ending Sept. 30 after markets closed, showing a net income of $409,000, up from a net loss of $734,000 during the same period last year.
Earnings per share for the third quarter were 5 cents, a year-over-year improvement from a loss of 9 cents a share.
Revenue rose to $114.2 million from $105.4 million a year ago.
The trucking segment of its business remains a drag on USA Truck's overall net income. It lost about $1.1 million this quarter, compared with a $1.5 million loss during third-quarter 2016.
Executives will host a conference call this morning to update shareholders on the company's finances.
-- Dalton LaFerney
State index up 1.09 on mixed trading day
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 1.09 to 377.64 Thursday.
"Equities closed mixed with interest-rate-sensitive stocks including real estate and financials outperforming other sectors following the release of the Republican tax bill and the appointment of Jerome Powell to succeed Janet Yellen as Federal Reserve Chairman," said Leon Lants, managing director at Stephens Inc. in Little Rock.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.