OAK BROOK, Ill. (AP) — OAK BROOK, Ill. (AP) — Hub Group Inc. (HUBG) on Thursday reported first-quarter profit of $61.8 million.
On a per-share basis, the Oak Brook, Illinois-based company said it had net income of $1.88.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The transportation management company posted revenue of $1.15 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.24 billion.
Hub Group expects full-year earnings to be $6 to $7 per share, with revenue in the range of $4.6 billion to $4.8 billion.
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