JB Hunt Transport Services IncJBHT
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Q2 earnings beat estimates with EPS $1.91 vs $1.74 expected, revenue $3.5B vs $3.25B, operating income up 32%.
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JB Hunt Transport Services IncJ.B. Hunt Transport Services reported second-quarter earnings that beat Wall Street expectations, sending its stock up as much as 9.5% in after-hours trading. The company posted earnings of $1.91 per diluted share on revenue of $3.5 billion, compared to analyst estimates of $1.74 per share and $3.25 billion in revenue. Operating income rose 32% to $259.5 million, driven by higher revenue and productivity gains. The intermodal segment was a standout, with revenue up 22% to $1.75 billion and operating income jumping 58% to $150.9 million. CEO Shelley Simpson noted that industry capacity has tightened due to supply-side contraction rather than a broad pickup in demand.
JB Hunt Transport Services IncQ2 earnings beat estimates with EPS $1.91 vs $1.74 expected, revenue $3.5B vs $3.25B, operating income up 32%.