JB Hunt Transport Services Inc. Announces 5% Retreat In Q3 Profit

(RTTNews) - JB Hunt Transport Services Inc. (JBHT) revealed a profit for third quarter that declined compared to the same period last year.

The company said its earnings declined to $109.43 million, or $0.97 per share. This was lower than $115.14 million, or $0.99 per share, in last year's third quarter.

Analysts had expected the company to earn $1.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.3% to $1.69 billion. This was up from $1.59 billion last year.

JB Hunt Transport Services Inc. earnings at a glance:

-Earnings (Q3): $109.43 Mln. vs. $115.14 Mln. last year. -Earnings Decline (Y-o-Y): -5.0% -EPS (Q3): $0.97 vs. $0.99 last year. -EPS Decline (Y-o-Y): -2.0% -Analysts Estimate: $1.03 -Revenue (Q3): $1.69 Bln vs. $1.59 Bln last year. -Revenue Change (Y-o-Y): 6.3%