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Hub Group Q1 Profit Rises - Quick Facts

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Hub Group Inc. (HUBG: Quote) 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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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While stocks have largely maintained a positive bias over the course of the trading day on Thursday, the major averages are turning in a mixed performance in mid-day trading. The S&P 500 has reached a new record intraday high and the Dow has climbed back above 17,000, while the tech-heavy Nasdaq is posting a modest loss. Suggesting that the economy is gaining traction, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in July. Results of a survey released by the Federal Reserve Bank of Philadelphia on Thursday showed that regional manufacturing activity unexpectedly grew at an accelerated rate in the month of August, with the index of activity in the sector reaching a three-year high.
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