LOWELL (dpa-AFX) - JB Hunt Transport Services Inc. (JBHT) announced a profit for third quarter that decreased from last year.
The company said its profit dropped to $100.39 million, or $0.91 per share. This was down from $109.43 million, or $0.97 per share, in last year's third quarter.
Analysts had expected the company to earn $0.96 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 8.9% to $1.84 billion. This was up from $1.69 billion last year.
JB Hunt Transport Services Inc. earnings at a glance:
-Earnings (Q3): $100.39 Mln. vs. $109.43 Mln. last year. -Earnings Decline (Y-o-Y): -8.3% -EPS (Q3): $0.91 vs. $0.97 last year. -EPS Decline (Y-o-Y): -6.2% -Analysts Estimate: $0.96 -Revenue (Q3): $1.84 Bln vs. $1.69 Bln last year. -Revenue Change (Y-o-Y): 8.9%
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