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 after the report.
JB Hunt follows other major Transportation sector earnings this month
JB Hunt's report follows an earnings matched by FedEx on Tuesday, March 17, 2020, 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 Monday, March 16, 2020 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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