LOWELL (dpa-AFX) - JB Hunt Transport Services Inc. (JBHT) revealed earnings for first quarter that decreased from last year and missed the Street estimates.
The company's earnings came in at $127.5 million, or $1.22 per share. This compares with $197.8 million, or $1.89 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 9.0% to $2.94 billion from $3.23 billion last year.
JB Hunt Transport Services Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $127.5 Mln. vs. $197.8 Mln. last year. -EPS (Q1): $1.22 vs. $1.89 last year. -Revenue (Q1): $2.94 Bln vs. $3.23 Bln last year.
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