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JB Hunt Transport Services Inc. Earnings Fall 7% In Q2

JB Hunt Transport Services Inc. (JBHT) revealed a profit for second quarter that declined from last year.

The company said its earnings declined to $97.87 million, or $0.88 per share. This was lower than $105.01 million, or $0.92 per share, in last year's second quarter.

Analysts had expected the company to earn $0.92 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.8% to $1.73 billion. This was up from $1.62 billion last year.

JB Hunt Transport Services Inc. earnings at a glance:

-Earnings (Q2): $97.87 Mln. vs. $105.01 Mln. last year.
-Earnings Decline (Y-o-Y): -6.8%
-EPS (Q2): $0.88 vs. $0.92 last year.
-EPS Decline (Y-o-Y): -4.3%
-Analysts Estimate: $0.92
-Revenue (Q2): $1.73 Bln vs. $1.62 Bln last year.
-Revenue Change (Y-o-Y): 6.8%

by RTT Staff Writer

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