Hub Group Inc. (HUBG) reported a decline in second-quarter earnings compared to the previous year, aligning with Wall Street forecasts.
The company's net income for the quarter was $29.02 million, or $0.47 per share, down from $46.51 million, or $0.72 per share, in the same period last year.
According to data from Thomson Reuters, analysts had projected earnings of $0.47 per share, excluding special items.
Revenue for the quarter dropped by 5.1%, from $1.040 billion last year to $0.987 billion this year.
Here's a summary of Hub Group Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP):
- Earnings (Q2): $29.02 million vs. $46.51 million last year
- EPS (Q2): $0.47 vs. $0.72 last year
- Revenue (Q2): $0.987 billion vs. $1.040 billion last year
**Guidance:**
- Full year EPS guidance: $1.75 to $2.05
- Full year revenue guidance: $4.0 billion to $4.3 billion
