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0.19%
0.34
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Why is J B Hunt Transport Services Inc (JBHT) Stock down?
We've noticed a 5.02% decline in J B Hunt Transport Services Inc (JBHT) stock during the 2024-08-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
18 Oct, 2023:
Shares of J.B. Hunt Transport Services (JBHT) dropped by 8.85% from $196.01 to $178.67 in the trading on Wednesday, October 18, 2023. The reason why JBHT stock down is due to its disappointing Q3 earnings:
- Earnings per share of $1.80, missing expectations by 5% and declining 30% compared to the previous year.
- Total operating revenues were $3,163.8 million, falling short of estimates and decreasing by 18% year over year. This decline was due to decreased revenue per load in various segments, including Intermodal and Truckload, as well as a volume decrease in Integrated Capacity Solutions and other factors.
- Operating income for the quarter dropped by 33% to $241.7 million due to lower revenues, higher costs, and a loss from equipment sales.
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