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.
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