Categories AlphaGraphs, Earnings, Industrials

Earnings: J.B. Hunt (JBHT) Q3 profit rises on higher revenues; beats Street view

Transport company J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) on Friday reported higher earnings and revenues for the third quarter of 2020. The top-line exceeded the market’s prediction, but earnings missed.

J.B. Hunt Transport Services Q3 2020 Earnings Infographic

At $2.47 billion, total revenues were up 5% from the third quarter of 2019. Experts had predicted a slower top-line growth.

Net income moved up to $125.5 million or $1.18 per share in the third quarter from $118.4 million or $1.10 per share a year earlier. Analysts were looking for a slightly bigger bottom-line number.


Read management/analysts’ comments on quarterly earnings


Shares of J.B. Hunt traded sharply lower in the early hours of Friday’s session. They have gained 10% since the beginning of the year.

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