Why J.B. Hunt Transport Services Stock Is Trading Down After-Hours
Portfolio Pulse from Ryan Gustafson
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) reported a decrease in Q3 earnings and sales, missing analyst consensus estimates. The company's shares traded lower in the after-hours session. Intermodal volume increased by 1% over the same period in 2022, but the Intermodal segment revenue was down 15% to $1.56 billion.
October 17, 2023 | 9:41 pm
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J.B. Hunt's Q3 earnings and sales missed estimates, leading to a decrease in its stock price in the after-hours trading.
J.B. Hunt reported lower than expected Q3 earnings and sales, which is a negative signal for investors. This has led to a decrease in the company's stock price in the after-hours trading session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100