J.B. Hunt falls on Q3 profit miss as fuel costs weigh
BUZZ-J.B. Hunt falls on Q3 profit miss as fuel costs weigh ** Shares of trucking and logistics firm J.B. Hunt Transport Services JBHT.O fall more than 2% to $230 in extended trading
** Co's operating margin contracted as higher purchased transportation, fuel and insurance costs offset revenue growth
** It posts Q3 profit at $1.82 per share, below Wall Street estimates of $1.89 per share, according to data compiled by LSEG
** Reports Q3 revenue of $3.68 billion, above estimates of $3.57 billion
** JBHT's intermodal segment revenue rise 20% to $1.83 billion from a year earlier
** As of last close, stock had risen 21% YTD
(Reporting by Apratim Sarkar in Bengaluru)
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J.B. Hunt Transport Services, Inc. reports results for the quarter ended September 30 - Earnings Summary
J.B. Hunt falls on Q3 profit miss as fuel costs weigh
J.B. Hunt Q3 profit lags estimates as higher third-party capacity, driver costs offset revenue gains
Brief: J.B. Hunt Q3 Revenue USD 3,680 Million Vs. IBES Estimate USD 3,567 Million