J.B. Hunt Stock Rallies After Q3 Earnings: Here's Why

Benzinga

J.B. Hunt beat Q3 earnings expectations with $1.76 per share on $3.05B revenue. CEO Shelley Simpson cited cost efficiency and operational discipline as shares jumped 11% in after-hours trading.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02J.B. Hunt Transport Services reported third-quarter earnings in revenue that surpassed Wall Street

00:07expectations, according to Benzinga. The company posted quarterly earnings of $1.76 per share,

00:12topping the consensus estimate of $1.47, and revenue of $3.05 billion, slightly above the

00:17$3.02 billion forecast. Revenue reflected lower activity across segments, with declines in per

00:23load revenue, load volumes, and final mile stops. CEO Shelly Simpson credited the company's

00:28operational discipline, and focus on cost efficiency for the improved performance.

00:33Shares rose 11.02% to $154.50 in Wednesday's after-hour trading, according to Benzinga Pro.

00:40For all things money, visit Benzinga.com.

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