FX.co ★ JB Hunt Transport Services Inc. Bottom Line Retreats In Q2, Misses Estimates

JB Hunt Transport Services Inc. (JBHT) reported a decline in second-quarter profit compared to the same period last year, falling short of Wall Street expectations.

The company recorded a net income of $135.87 million, or $1.32 per share, down from the $189.55 million, or $1.81 per share, reported in the second quarter of the previous year.

Analysts had, on average, anticipated earnings of $1.52 per share, as per Thomson Reuters' compiled estimates. Typically, these analyst estimates exclude special items.

Revenue for the quarter dropped by 6.4%, coming in at $2.93 billion compared to $3.13 billion in the same quarter last year.

A summary of JB Hunt Transport Services Inc.'s earnings (GAAP) for the second quarter is as follows:

- Net Income: $135.87 million vs. $189.55 million last year.

- Earnings Per Share (EPS): $1.32 vs. $1.81 last year.

- Revenue: $2.93 billion vs. $3.13 billion last year.