J.B. Hunt Transport Services (NASDAQ:JBHT) Issues Quarterly Earnings Results

J.B. Hunt stock plunges 13% after company warns third-quarter earnings will fall

J.B. Hunt shares dropped 13% after the trucking company projected third-quarter earnings would decline 5% to 10% due to higher recruiting and training costs.

J.B. Hunt Transport Services (NASDAQ:JBHT) Issues Quarterly Earnings Results

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) released its quarterly earnings results on Thursday. The transportation company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.01. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.59 billion.

JB Hunt: Q3 Earnings Snapshot

LOWELL, Ark. (AP) — LOWELL, Ark. (AP) — JB Hunt Transport Services Inc. (JBHT) on Thursday reported third-quarter net income of $172.4 million.

J.B. Hunt Reports Higher Profit, Steeper Operating Expenses

The logistics company’s profit came in at $172.4 million, or $1.82 a share, despite operating expenses growing to $3.43 billion.