JBHT•J.B. Hunt shares fell more than 2% in extended trading after Q3 profit of $1.82 per share missed estimates of $1.89. Revenue was $3.68 billion, above estimates of $3.57 billion, while intermodal revenue rose 20% to $1.83 billion.
J.B. Hunt Transport Services shares fell more than 2% to $230 in extended trading after the company reported Q3 profit of $1.82 per share, below Wall Street estimates of $1.89. Revenue was $3.68 billion, above estimates of $3.57 billion.
The company's operating margin contracted as higher purchased transportation, fuel and insurance costs offset revenue growth. Intermodal segment revenue rose 20% from a year earlier to $1.83 billion.
