Lowell-based carrier J.B. Hunt Transport Services missed analyst estimates on net income in the fourth quarter as driver pay and rail transportation costs rose, but it beat revenue estimates as the company increased intermodal revenue per load and added new customers in its dedicated segment.
J.B. Hunt on Thursday (Jan. 17) reported fourth-quarter net income declined 77% to $88.681 million, or 81 cents per share, from $385.308 million, or $3.48 per share. The carrier missed analysts’ estimates by 67 cents, based on a consensus of 22 analysts. For 2018, earnings declined 28.7% to $489.585 million, or $4.43 per share, from $686.263 million, or $6.18 per share. The carrier missed analysts’ estimates by 96 cents.
Fourth-quarter revenue rose 16.5% to $2.318 billion, from $1.99 billion. The company beat analysts’ estimates by $18 million. For 2018, revenue rose 19.8% to $8.615 billion, from $7.19 billion. The company beat analysts’ estimates by $35 million.
Read more: https://talkbusiness.net/2019/01/j-b-hunt-misses-earnings-expectations-beats-revenue-estimates-in-fourth-quarter/