JB Hunt Transport Services Inc. (JBHT) reported a decline in second-quarter profit compared to the same period last year, falling short of Wall Street expectations.
The company recorded a net income of $135.87 million, or $1.32 per share, down from the $189.55 million, or $1.81 per share, reported in the second quarter of the previous year.
Analysts had, on average, anticipated earnings of $1.52 per share, as per Thomson Reuters' compiled estimates. Typically, these analyst estimates exclude special items.
Revenue for the quarter dropped by 6.4%, coming in at $2.93 billion compared to $3.13 billion in the same quarter last year.
A summary of JB Hunt Transport Services Inc.'s earnings (GAAP) for the second quarter is as follows:
- Net Income: $135.87 million vs. $189.55 million last year.
- Earnings Per Share (EPS): $1.32 vs. $1.81 last year.
- Revenue: $2.93 billion vs. $3.13 billion last year.
