Hub Group Inc. (HUBG) reported earnings for third quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $23.6 million, or $0.39 per share. This compares with $30.5 million, or $0.48 per share, in last year's third quarter.
Excluding items, Hub Group Inc. reported adjusted earnings of $31.6 million or $0.52 per share for the period.
Analysts on average had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.6% to $986.9 million from $1.024 billion last year.
Hub Group Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $23.6 Mln. vs. $30.5 Mln. last year.
-EPS (Q3): $0.39 vs. $0.48 last year.
-Revenue (Q3): $986.9 Mln vs. $1.024 Bln last year.
-Guidance:
Full year EPS guidance: $1.85 to $1.95
Full year revenue guidance: Approx. $4 Bln
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