JB Hunt results: JBHT stocks 4% despite mixed Q1 results

<p>JB Hunt (NASDAQ: JBHT) results for the first quarter of 2020, JBHT has stocks after Tuesday Tuesday. This comes after reporting diluted earnings per share (EPS) of 98 cents. That’s below the Wall Street estimate of $ 1.01 for the quarter. On the other hand, the carrier’s revenue of $ 2.28 billion is better than analysts’ estimates of $ 2.2 billion.

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Here’s what’s worth mentioning from the latest JB Hunt results report.

Earnings per dilution decreased by 10.09% from $ 1.09 during the same period last year. Revenue was 9.09% higher than $ 2.09 billion from the first quarter of 2019. Operating profit of $ 154.74 million is a decrease of 7.78% compared to the same period last year from $ 167.8 million. The JB Hunt earnings report also includes a net profit of $ 104.83 million. That is a decrease of 12.35% compared to its net profit of $ 119.6 million from the same period the year before.

Here’s what JB Hunt has to say in the latest JBHT share income report:

“The total freight transactions in the JB Hunt 360 ° market increased to $ 294 million in the first quarter of 2020, compared to $ 199 million in the previous quarter. ICS revenue on the platform increased to $ 235 million with approximately 44% volume increase over the previous year. ”

The JB Hunt results report does not contain guidance for 2020. It makes sense because many companies draw guidance as the new coronavirus continues to spread.

The JBHT share increased by 3.94% after the markets closed on Tuesday and by 3.12% when the markets closed.

At the time of writing, William White had no position in any of the above securities.

Article printed from InvestorPlace Media, https://investorplace.com/2020/04/jb-hunt-earnings-bump-jbht-stock/.

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