JB Hunt Transport Services Inc. reported a decrease in their first-quarter earnings compared to the previous year, failing to meet Street estimates. Their reported earnings were $127.5 million which equates to $1.22 per share. This is a decrease from the previous year where they reported $197.8 million, equivalent to $1.89 per share.
Average analyst predictions had anticipated the company to earn $1.52 per share, as collated by Thomson Reuters. These estimates generally do not include special items.
The company's revenue fell by 9.0% for the quarter, totalling $2.94 billion as compared to $3.23 billion in the preceding year.
Here's a quick overview of JB Hunt Transport Services Inc. earnings, according to Generally Accepted Accounting Principles (GAAP):
- Earnings for Q1: $127.5 million, down from $197.8 million last year.
- Earnings per share (EPS) for Q1: $1.22, down from $1.89 last year.
- Revenue for Q1: $2.94 billion, down from $3.23 billion last year.
