J.B. Hunt handily beats Q1 expectations

J.B. Hunt rig on highway

J.B. Hunt Transport Services reported first-quarter 2022 earnings per share of $2.29 Monday after the market closed, 92 cents better year-over-year and 35 cents ahead of the consensus estimate.

Gains on equipment sales were a tailwind, up $18 million year-over-year.

Consolidated revenue increased 33% year-over-year to $3.49 billion with all the company’s segments reporting an increase. Revenue was 27% higher year-over-year excluding the impact of fuel surcharges.

J.B. Hunt’s (NASDAQ: JBHT)...

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