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:
-
Key Metric Suggests Institutional Traders Have Completed Their BTC Accumulation — Bullish Move Incoming?
-
Bitcoin Price Bounces Back To $26,000, Here's Why
-
Over 70% of Bitcoin's Circulating Supply Held by Long-Term Holders — What This Means For BTC
-
Cryptos Fall As Fed Still Fretting About Inflation
-
Bitcoin Behemoth: Whale Gathers Accumulated $500 Million in BTC Year-to-Date to Sit on Massive Unrealized Gains