J.B.
Hunt Transport Services reported second-quarter earnings of $1.91 per diluted share on revenue of $3.5 billion, topping Wall Street expectations and sending the company’s stock higher in after-hours trading
The results compared to earnings of $1.31 per share and revenue of $2.93 billion in the same period a year earlier. Analysts had expected earnings of $1.74 per share and revenue of $3.25 billion, according to Bloomberg. Shares of J.B.
Hunt climbed as high as 9.5% in after-hours trading Wednesday following the results. Operating income rose 32% to $259.5 million from $197.3 million a year earlier, the company said. The improvement was driven by higher revenue, productivity gains, and continued efforts to reduce costs, partially offset by higher purchased transportation expenses.