JB Hunt (NASDAQ:JBHT) reported first quarter earnings that missed analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.09 on revenue of $2.09B. Analysts polled by expected EPS of $1.26 on revenue of $2.19B. That compared to EPS of $1.07 on revenue of $1.95B in the same period a year earlier. The company had reported EPS of $1.78 on revenue of $2.32B in the previous quarter.
JB Hunt shares lost 3.55% to trade at $101.75 in after-hours trade following the report.
JB Hunt follows other major Transportation sector earnings this month
On March 19, FedEx reported third quarter EPS of $3.03 on revenue of $17B, compared to forecasts of EPS of $3.08 on revenue of $17.58B.
Delta Air Lines earnings Beat analysts' expectations on Wednesday, with first quarter EPS of $0.96 on revenue of $10.42B. analysts expected EPS of $0.91 on revenue of $10.41B
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