J.B. Hunt Transport Services’ (NASDAQ: JBHT) first quarter was much better than feared. The company reported earnings per share of $1.14, 9 cents per share lower than the year-ago result but well ahead of the 83-cent consensus estimate.
Total revenue declined 5% year-over-year at $2.15 billion but was only off 0.5% excluding fuel surcharge revenue.
Operating income of $175.2 million was down 9.3% year-over-year. The company cited higher purchased transportation costs, technology investments and...
https://www.freightwaves.com/news/j-b-hunt-handily-beats-2q-expectations