JB Hunt Transport Services shares are trading lower after the company reported a year-over-year decrease in Q3 EPS results and worse-than-expected revenue results. Additionally, multiple firms lowered their respective price targets.
Portfolio Pulse from Benzinga Newsdesk
JB Hunt Transport Services reported a year-over-year decrease in Q3 EPS results and worse-than-expected revenue results. Following the announcement, multiple firms lowered their price targets for the company, leading to a drop in its share price.
October 18, 2023 | 2:55 pm
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JB Hunt's disappointing Q3 results and lowered price targets by multiple firms have negatively impacted its stock price.
JB Hunt's lower than expected Q3 earnings and revenue results have led to a decrease in confidence from multiple firms, who have subsequently lowered their price targets for the company. This has resulted in a negative impact on the company's stock price.
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