JB Hunt (JBHT) rises on better-than-expected Q4 revenue

Shares of JB Hunt Transport Services (NASDAQ: JBHT) rose 2.7% in after-hours trading Thursday after the company reported better-than-anticipated revenue for the fourth quarter.

The transportation and logistics company posted earnings per share (EPS) of $1.47 in Q4, down from $1.92 per share last year and missing the consensus estimates of $1.74 per share. Revenue came in at $3.3 billion, above the estimated $3.27 billion, and down 9.5% year-over-year.

Intermodal revenue stood at $1.62 billion, compared to the estimated $1.57 billion and down 7.2% compared to the same quarter last year.

The operating income witnessed a 28% decline in Q4, amounting to $203.3 million, in contrast to the $281.9 million recorded in the fourth quarter of 2022.

Both the current and preceding quarter's operating income were adversely affected by pre-tax charges, with amounts totaling $53.4 million and $64.0 million for insurance-related items, respectively.

JB Hunt reported the average number of trucks during the quarter of 13,214, up 1.4% year-over-year and just below the consensus projection of 13,437.

By Vahid Karaahmetovic

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