JB Hunt: 1Q Earnings Snapshot

Associated Press |

LOWELL, Ark. (AP) _ JB Hunt Transport Services Inc. (JBHT) on Monday reported first-quarter net income of $119.6 million.

On a per-share basis, the Lowell, Arkansas-based company said it had profit of $1.09.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The trucking and logistics company posted revenue of $2.09 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $2.2 billion.

JB Hunt shares have climbed 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $105.53, a decline of slightly more than 6 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

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