Investing.com - JB Hunt (NASDAQ:JBHT) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
JB Hunt announced earnings per share of $0.98 on revenue of $2.28B. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $2.22B. That with comparison to EPS of $1.09 on revenue of $2.09B in the same period a year before.JB Hunt had reported EPS of $1.35 on revenue of $2.45B in the previous quarter.Analysts are expecting EPS of $1.2 and revenue of $2.37B in the upcoming quarter.
JB Hunt shares are down 16.18% from the beginning of the year and are trading at $98.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.32% year to date.
JB Hunt shares gained 0.11% in after-hours trade the report.
JB Hunt follows other major Transportation sector earnings this month
JB Hunt's report follows an earnings matched by FedEx on March 17, who reported EPS of $1.41 on revenue of $17.5B, compared to forecasts EPS of $1.41 on revenue of $16.89B.
ZTO Express Cayman had beat expectations on March 16 with first quarter EPS of $2.97 on revenue of $6.85B, compared to forecast for EPS of $1.93 on revenue of $6.7B.
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