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HomeBusinessJ.B. Hunt Shares Drop 8 percent Following Q1 Results

J.B. Hunt Shares Drop 8 percent Following Q1 Results

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Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) dropped more than 8% intra-day today after the company reported first-quarter earnings and revenue that fell short of analysts’ expectations.
The transportation and logistics company recorded earnings per share (EPS) of $1.22, which did not meet the anticipated $1.52. Its revenue for the quarter was also below expectations at $2.94 billion, compared to the forecasted $3.12 billion.
The earnings before interest and taxes (EBIT) for the quarter stood at $194.4 million with a margin of 6.6%, which was lower than the expected $225.1 million at a 7.2% margin.
Analysts from BMO Capital Markets expressed concerns, noting that the first quarter might represent a low point but cautioned that visibility remains limited and near-term challenges may continue, potentially putting further pressure on the stock.

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