US EditionJ.B. Hunt Stock Rallies After Q3 Earnings: Here's Why - JB Hunt Transport Servs (NASDAQ:JBHT)
J.B. Hunt's profit rose 12.3% to $170.85 million on $3.05 billion revenue, driven by cost cuts and operational improvements that beat analyst forecasts.
- On Oct. 16, J.B. Hunt Transport Services reported a stock surge, with shares rallying more than 15% after profit jumped 12.3% year over year in Q3 while revenue held steady.
- After the market closed Oct. 15, J.B. Hunt beat estimates with $3.05 billion in revenue and EPS of $1.76, exceeding expectations, management said.
- Notably, Truckload loads rose 14% to 115,269, and Dedicated Contract Services revenue increased 2% to $864.11 million, with operating income up 9%.
- Management's $100 million savings program and buybacks supported results as Lowell, Arkansas-based J.B. Hunt posted $170.85 million net income, cut $20 million in Q3 and repurchased 1.6 million shares for $230 million.
- Shelley Simpson said management's priorities set the course for future quarters, noting, `Throughout the year, our focus has been on three clear priorities: operational excellence, scaling into our investments and continuing to repair our margins to drive stronger financial performance.
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Why J.B. Hunt Transport Services Rallied Over 20% Today @themotleyfool #stocks $JBHT
Key PointsJ.B. Hunt handily beat low expectations in the third quarter. The company is reacting to lower volumes with price increases and cost cuts. Even though revenue declined, earnings per share were up handily as the company continues repurchasing stock. 10 stocks we like better than J.B. Hunt Transport Services › Shares of J.B. Hunt Transport Services (NASDAQ: JBHT) rallied on Thursday, up 20.9% as of 1:30 p.m. ET. J.B. Hunt published its t…
J.B. Hunt profits surge despite slight drop in intermodal volume
A line of double-stacked J.B. Hunt containers rolls down Cajon Pass in California on a westbound BNSF Railway train in September 2021. Bill Stephens LOWELL, Ark. — J.B. Hunt, the largest domestic intermodal operator, reported higher third-quarter profits on Wednesday as cost-cutting was more than enough to offset a 1% decline in intermodal volume. Executives also said they believe the traditional fall intermodal shipping peak will materialize th…
J.B. Hunt Stock Jumps as Q3 Income Rises 12%
J.B. Hunt Transport Services Inc. of Lowell (Nasdaq: JBHT) reported Wednesday third-quarter income of $170.85 million, up 12.3% from $152.07 million a year ago. The trucking and logistics company posted earnings per share of $1.76. The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share. Revenue in the period was $3.05 billion, down less than 1% fr…
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