J.B. Hunt Misses on Q1 Earnings
J.B. Hunt Transport Services reported this week that Q1 operating revenue came in at $1.29 billion, up from the $1.17 billion in the same period the previous year.
Net profit amounted to $73.3 million ($0.61 per diluted share), against Q1 2012's result of $67.7 million ($0.57).
Revenue broadly met analyst projections, but net came in a bit lower. Expectations had been for EPS of $0.64.
Of J.B. Hunt's four business units, its intermodal division recorded the highest year-on-year growth in revenue. It brought in $796 million for the quarter, a 62% increase over Q1 2012's $694 million.
The article J.B. Hunt Misses on Q1 Earnings originally appeared on Fool.com.Fool contributor Eric Volkman has no position in J.B. Hunt Transport Services. The Motley Fool has no position in J.B. Hunt Transport Services. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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