logo
Share SHARE
FONT-SIZE Plus   Neg

Hub Group Q1 Profit Rises - Quick Facts

Hub Group Inc. (HUBG) Thursday reported an increase in profit for the first quarter on higher revenues.

The Downers Grove, Illinois-based company reported a first-quarter net profit of $13.66 million or $0.37 per share, compared to $10.50 million or $0.28 per share last year.

Excluding mode acquisition-related costs of $1.7 million, adjusted earnings for the quarter rose to $0.37 per share from $0.31 per share in the prior-year quarter. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.36 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew to $739.89 million from $485.38 million in the prior-year quarter. Ten analysts had a consensus revenue estimate of $717.46 million for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a loss for the fourth quarter that was narrower than last year. The company said it expects to start volume production of Model 3 by September. Palo Alto, California-based Tesla reported fourth-quarter loss of $121.3 million or $0.78... Canada based Maple Leaf Foods Inc. Wednesday said it has reached a definitive agreement with Brynwood Partner VI L.P. for the acquisition of Lightlife Foods Inc. The deal would be worth $140 million plus other costs. Light is a brand in U.S. for refrigerated plant based protein foods. A hedge fund is an alternative investment fund that uses pooled funds from accredited individuals or institutional investors and invests these funds in different assets with a goal of generating high returns. Hedge funds are generally accessible only to accredited or qualified investors. They cannot...
comments powered by Disqus
RELATED NEWS
Trade HUBG now with 
Follow RTT