SA: JB Hunt Transport Services EPS beats by $0.29, beats on revenue

SEEKING ALPHA reports:

J.B. Hunt Transport Services (NASDAQ:JBHT): Q2 GAAP EPS of $1.14 beats by $0.29; Revenue of $2.15B (-4.9% Y/Y) beats by $120M; Operating ratio of 91.8% vs. 93.5% consensus.

More here: JB Hunt +1% after topping Q2 estimates

J.B. Hunt Transport (NASDAQ:JBHT) reports operating revenue fell 5% to $2.26B in Q2. The company says revenue performance (ex-fuel surcharge revenue) was primarily driven by a 2% volume decline in Intermodal, 11% volume decline in Integrated Capacity Solutions, and 5% fewer stops in Final Miles Services, partially offset by a 17% increase in loads in Truckload, compared to the prior-year period. 

– The earnings call transcript can be found here.

– Its Q2 ’20 results and the earnings presentation are here.

– The shares rose over 4% in after-hour trade, setting a record of $137.9.