J.B. Hunt down as Q1 report reveals weak earnings, BMO expects near-term headwinds

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Go back to J.B. Hunt down as Q1 report reveals weak earnings, BMO expects near-term headwinds

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the First Quarter 2024

April 16, 2024 4:05 PM EDT

First Quarter 2024 Revenue: $2.94 billion; down 9% First Quarter 2024 Operating Income: $194.4 million; down 30% First Quarter 2024 EPS: $1.22 vs. $1.89; down 35%

LOWELL, Ark.--(BUSINESS WIRE)-- J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced first quarter 2024 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $127.5 million, or diluted earnings per share of $1.22 versus first quarter 2023 net earnings of $197.8 million, or $1.89 per diluted share.

Total operating revenue for the current quarter was $2.94 billion compared with $3.23 billion for the first quarter... More