logo
Share SHARE
FONT-SIZE Plus   Neg

Hub Group Q1 Profit Rises - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A remarkable increase in smartphone adoption has more Americans depending on their mobile devices to access the internet. The last moments of the doomed Germanwings plane, that was deliberately hit to the Alps, was recorded in a mobile phone, German newspaper Bild and French Magazine Paris Match reported. The video is presumed to be taken from the cabin, using a mobile device. The investigators recovered the memory card from the crash site, though the mobile was destroyed completely. However, there is no official con US Steel Corp. (X) Tuesday said it will "adjust operations" and temporarily idle a part of its Minntac plant in Mt. Iron, Minnesota, effective June 1. According to reports, the move would see about 700 employees laid off. The company said the decision was due to its current inventory levels and ongoing...
comments powered by Disqus
RELATED NEWS
Trade HUBG now with 
Follow RTT