VIENNA (dpa-AFX) - Arkansas Best Corp. (ABFS) reported third-quarter net income of $14.0 million, or $0.52 per share, compared to $6.5 million, or $0.24 per share, prior year. The company said its third-quarter 2013 results included pension settlement charges of $0.04 per share related to Arkansas Best's nonunion defined benefit pension plan. Results also included a tax benefit of $0.02 per share related to the reversal of previously established deferred tax asset valuation allowances.
Excluding items, net income was $14.5 million, or $0.54 per share, for the quarter.
On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.36 for the quarter. Analysts' estimates typically exclude special items.
Revenue rose to $623.4 million, from $577.5 million, a year ago. Analysts expected revenue of $605.98 million for the quarter.
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