JB Hunt tops 1Q profit forecasts

LOWELL, Ark. (AP) _ JB Hunt Transport Services Inc. (JBHT) on Monday reported first-quarter profit of $102.7 million.

Advertisement

The Lowell, Arkansas-based company said it had profit of 92 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

The trucking and logistics company posted revenue of $1.63 billion in the period, meeting Street forecasts.

JB Hunt shares have decreased 8 percent since the beginning of the year. The stock has increased 4 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JBHT at https://www.zacks.com/ap/JBHT

Keywords: JB Hunt, Earnings Report