JB Hunt Transport Services Inc. (JBHT) released their third-quarter financial results, revealing a decline in earnings compared to the same period last year, though surpassing analysts' predictions.
The company's earnings amounted to $152.066 million, or $1.49 per share, down from $187.431 million, or $1.80 per share, recorded in the third quarter of the previous year.
On average, analysts anticipated earnings of $1.41 per share, as per data from Thomson Reuters, which typically excludes special items from their projections.
Revenue for the quarter experienced a 3.0% decline, decreasing to $3.068 billion from $3.163 billion the previous year.
Summary of JB Hunt Transport Services Inc.'s third-quarter earnings (GAAP):
- Earnings: $152.066 million compared to $187.431 million last year.
- Earnings per Share (EPS): $1.49 versus $1.80 last year.
- Revenue: $3.068 billion compared to $3.163 billion last year.
