Stifel Upgrades Hub Group (HUBG) to Buy
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Hub Group, Inc. Reports Third Quarter 2016 Earnings
October 26, 2016 4:02 PM EDTOAK BROOK, Ill., Oct. 26, 2016 /PRNewswire/ -- Hub Group, Inc. (NASDAQ: HUBG) today announced financial results for the quarter ended September 30, 2016.
Hub Group reported net income of $17.9 million for the third quarter ended September 30, 2016 compared to $19.8 million in the third quarter of 2015. Hub Group's diluted earnings per share was $0.54 for the quarter. Earnings per share decreased 2% when compared with the prior year period. Hub Group's revenue increased 4% to $933 million.Â
The Hub segment's revenue increased 5% to $717 million. Third quarter intermodal revenue increased 1% to $466 million. Intermodal volume increased 5%. Truck brokerage revenue increased 16% to $97 million this... More
