JB Hunt announced earnings per share of $1.61 on revenue of $2.91B. Analysts polled by Investing.com anticipated EPS of $1.57 on revenue of $2.71B.
JB Hunt shares are up 16.89% from the beginning of the year, still down 13.04% from its 52 week high of $183.68 set on May 10. They are outperforming the Nasdaq which is up 10.76% from the start of the year.
JB Hunt’s report follows an earnings missed by FedEx on June 24, who reported EPS of $5.01 on revenue of $22.6B, compared to forecasts EPS of $5.02 on revenue of $21.52B.
Delta Air Lines had beat expectations on Wednesday with second quarter EPS of $-1.07 on revenue of $7.13B, compared to forecast for EPS of $-1.38 on revenue of $6.22B.
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