JB Hunt: Q1 Earnings Snapshot
By AP News
Published - Apr 16, 2024, 04:21 PM ET
Last Updated - Apr 16, 2024, 04:21 PM EDT
LOWELL, Ark. (AP) — LOWELL, Ark. (AP) — JB Hunt Transport Services Inc. (JBHT) on Tuesday reported first-quarter earnings of $127.5 million.
On a per-share basis, the Lowell, Arkansas-based company said it had net income of $1.22.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The trucking and logistics company posted revenue of $2.94 billion in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $3.12 billion.
