Investing.com - JB Hunt (NASDAQ:JBHT) reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
JB Hunt announced earnings per share of $1.88 on revenue of $3.14B. Analysts polled by Investing.com anticipated EPS of $1.79 on revenue of $3.03B.
JB Hunt shares are up 28.24% from the beginning of the year, still down 4.96% from its 52 week high of $184.38 set on August 30. They are outperforming the S&P 500 which is up 18.16% from the start of the year.
JB Hunt follows other major Transportation sector earnings this month
JB Hunt's report follows an earnings missed by FedEx on September 21, who reported EPS of $4.37 on revenue of $22B, compared to forecasts EPS of $4.88 on revenue of $21.93B.
Carnival ADS had missed expectations on September 30 with third quarter EPS of $-1.75 on revenue of $546M, compared to forecast for EPS of $-1.55 on revenue of $670.38M.
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