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Investing.com – JB Hunt (NASDAQ:JBHT) reported on Tuesday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
JB Hunt shares gained 1.7% in after-hours trade following the report.
JB Hunt announced earnings per share of $1.44 on revenue of $2.74 billion. Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $2.56 billion.
The beat on the top line was was driven primarily by “our Integrated capacity solutions and truck segments, which grew 56% and 50% respectively, ” the company said.
But the rise in revenue was offset with cost increases in rail and other third-party purchase transportation, it added.
JB Hunt shares are up 8.77% from the beginning of the year, still down 5.17% from its 52-week high of $156.73 set on January 19. They are outperforming the S&P 500 which is up 1.13% from the start of the year.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
