JB Hunt: 4Q Earnings Snapshot
LOWELL, Ark. (AP) _ JB Hunt Transport Services Inc. (JBHT) on Thursday reported fourth-quarter profit of $88.7 million.
The Lowell, Arkansas-based company said it had profit of 81 cents per share. Earnings, adjusted for non-recurring costs, came to $1.77 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.
The trucking and logistics company posted revenue of $2.32 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $2.3 billion.
For the year, the company reported profit of $489.6 million, or $4.43 per share. Revenue was reported as $8.61 billion.
JB Hunt shares have increased slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $99.92, a decrease of 17 percent in the last 12 months.