3Q net income at J.B. Hunt was $152.1M, below previous year's level, with revenue falling 4% amid income decline in seven consecutive quarters.
J.B. Hunt Transport Services Inc. reported third-quarter net income of $152.1 million, exceeding analysts' expectations but lower than the previous year. Earnings per share were $1.49, down from $1.80. Revenue fell 4% to $3.07 billion, with declines in both Intermodal and Truckload divisions. Despite these decreases, the company's stock rose 7% in after-hours trading. This marks the seventh consecutive quarter of income decline for the company.
October 16, 2024
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