LOWELL, Ark. (AP) — LOWELL, Ark. (AP) — JB Hunt Transport Services Inc. (JBHT) on Tuesday reported first-quarter earnings of $127.5 million.
On a per-share basis, the Lowell, Arkansas-based company said it had net income of $1.22.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The trucking and logistics company posted revenue of $2.94 billion in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $3.12 billion.
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