J.B. Hunt warns Q2–Q3 earnings could decline 5%–10%
JBHT shares fell about 10% in Wednesday premarket after the company indicated second-quarter to third-quarter earnings could decline 5% to 10% due to higher costs, with Barclays flagging higher costs and freight demand inflection, per The Fly.
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Shares of J.B. Hunt Transport Services NASDAQ:JBHT dropped more than 11% premarket on Wednesday after the trucking firm's finance chief warned of a sequential drop of 5% to 10% in third-quarter profit.Higher transportation rates, which included a rise in diesel prices and driver rates going into th…
B. Hunt Transport Services Inc. (JBHT) shares fell about 10% in Wednesday premarket trading after the company said second-quarter to third-quarter earnings could decline 5% to 10% as higher costs pressure profitability, according to The Fly. The remarks were made at the Morgan Stanley Lag…