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J.B. Hunt (JBHT) Q2 Earnings Down Y/Y on Intermodal Woes
J.B. Hunt Transport Services’ JBHT second-quarter 2020 earnings of $1.14 per share surpassed the Zacks Consensus Estimate by 31 cents. The bottom line, however, declined 16.8% year over year due to the disappointing performance of its intermodal (JBI) unit. Moreover, total operating revenues decreased 5.1% to $2,145.6 million. Revenues, however, beat the consensus mark of $2,060.9 million.
The earnings and revenue beat, however, pleased investors. Consequently, the stock gained in after-market trading on Jul 16.
Total operating revenues excluding fuel surcharge revenues dipped 0.5% year over year. The top line was hurt by 2% and 11% volume declines in the JBI and Integrated Capacity Solutions (ICS) units, respectively, apart from 5% fewer stops in Final Miles Services (FMS). However, the 17% increase in loads at Truckload (JBT) was a bright spot.
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https://finance.yahoo.com/news/j-b-hunt-...11991.html
![[Bild: JBHTc1dl1756.png]](https://finviz.com/publish/071720/JBHTc1dl1756.png)
J.B. Hunt Transport Services’ JBHT second-quarter 2020 earnings of $1.14 per share surpassed the Zacks Consensus Estimate by 31 cents. The bottom line, however, declined 16.8% year over year due to the disappointing performance of its intermodal (JBI) unit. Moreover, total operating revenues decreased 5.1% to $2,145.6 million. Revenues, however, beat the consensus mark of $2,060.9 million.
The earnings and revenue beat, however, pleased investors. Consequently, the stock gained in after-market trading on Jul 16.
Total operating revenues excluding fuel surcharge revenues dipped 0.5% year over year. The top line was hurt by 2% and 11% volume declines in the JBI and Integrated Capacity Solutions (ICS) units, respectively, apart from 5% fewer stops in Final Miles Services (FMS). However, the 17% increase in loads at Truckload (JBT) was a bright spot.
...
https://finance.yahoo.com/news/j-b-hunt-...11991.html
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