J.B. Hunt Transport Services Falls on Q1 Miss

J.B. Hunt Transport Services JBHT released its fiscal first-quarter earnings results on Thursday after the closing bell. The company reported a higher profit for the period, but missed Wall Street analysts' consensus EPS estimates. In late trading, the stock was last down a little less than 4 percent to $71.55. The company reported net income of $73.35 million or $0.61 per share, compared to $67.68 million or $0.57 per share, in last year's corresponding period. This missed analysts' consensus estimates of $0.64. Revenue for the period was $1.29 billion, a gain versus the $1.17 billion that J.B. Hunt reported last year. This was in-line with analysts' consensus revenue expectations of $1.29 billion.