JB Hunt Transport Services reported second quarter revenues which beat analysts’ expectations. Also, earnings were impressive, excluding a legal charge.
The trucking and transportation company’s revenues increased +6% to $2.26 billion, just ahead of analysts' forecasts.
Although JB Hunt’s overall earnings of $1.23 per share came in lower than analysts’ estimate of $1.35, the earnings-per-share figure excluding the one-off effect of a pretax charge of 14 cents (from a legal settlement) would be higher than estimates.
JB Hunt shares traded 6.5% higher on Tuesday.