J.B. Hunt shares fall after CFO warns Q3 profit decline
JBHT dropped about 11% after the trucking company’s finance chief warned of a sequential 5% to 10% decline in third-quarter profit, citing higher transportation rates including higher diesel and driver costs going into the peak holiday season.
B. Hunt Transport Services shares fell 11% on Wednesday after the trucking company’s finance chief said third-quarter profit is expected to decline 5% to 10% sequentially. The warning cited higher transportation rates, including increased diesel prices and driver rates heading into the peak holiday season.