J.B. Hunt Earnings Rise 34% Thursday, April 14, 1:34 PM ET
Shares of trucking company J.B. Hunt Transport Services (NASDAQ:
JBHT) are on the rise today after it reported a 34% gain in first quarter earnings after the close of trading yesterday.
J.B. Hunt said increased fuel surcharges helped offset rising costs, leading it earn $50.1 million, or $0.40 per share, compared to $37.5 million, or $0.29 per share, in last yearís first quarter.
Revenue rose 18%, to $1 billion.
Results exceeded analyst expectations.
J.B. Hunt shares are trading up over 4.2% Thursday.
A check of some of its trucking competitors: Landstar System (NASDAQ:
LSTR) shares are trading up .7%, while Swift Transportation (NYSE: SWFT) shares trade up .2%.
For MarketNewsVideo.com, Iím Sayoko Murase.
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J.B. Hunt Earnings Rise 34%
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