Shares of J.B. Hunt Transport Services, Inc. (JBHT) are falling more than 6% Wednesday morning after reporting lower earnings in the third quarter, that missed analysts’ view. The company’s revenue also declined in the quarter.
Net earnings declined to $187.4 million, or $1.80 per share from $269.4 million, or $2.57 per share in the same quarter a year ago, impacted by lower revenue in all segments.
Analysts on average polled by Thomson-Reuters expected the company to report earnings of $1.83 per share.
Revenue for the quarter was $3.16 billion, a decrease of 18% from $3.84 billion last year.
JBHT, currently at $182.63, has traded in the range of $159.83 – $209.21 in the last 1 year.
Source: Read Full Article
Lates News:
-
Former BitMEX CEO Arthur Hayes On Why Bitcoin Price Has Likely Reached Bottom
-
The Perfect Imperfection: Unpacking Michael Saylor’s Bitcoin Assertion
-
First Republic Bank Shares Plunge; To Privately Place $125 Mln Of Shares
-
Bitcoin Hurtles Back Above $26,000 As SVB Financial Group Files For Bankruptcy
-
Rocket Lab USA Falls After Launch Failure Of Its 41st Mission