Top NASDAQ Performer J.B. Hunt Transport Services Inc. (JBHT), Stock Soars after Company Reports Q3 Results
(October 14, 2011) Shares of J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), a Lowell, Arkansas-based company, are soaring in trading today. At last check, the J.B. Hunt Transport Services stock was trading 6.92% higher at $41.58 on above average volume of 1.43 million.
J.B. Hunt Transport Services shares are soaring in trading today after the company announced its third-quarter financial results. The company reported record net earnings of $68.70 million, or $0.57 per share for the third quarter of 2011, up from $52.2 million, or $0.41 per share reported for the same period in the previous year. The company’s operating revenue for the third quarter was $1.17 billion, compared with $986 million reported for the same period in the previous year.
J.B. Hunt reported third-quarter operating income of $119 million, up from $91 million reported for the same period in the previous year. The company’s Intermodal reported load growth of 15% in the third quarter. Meanwhile, its Integrated Capacity Solutions reported load growth of 14% for the third quarter.
John N. Roberts, President and CEO of J.B. Hunt, said that combining the right mix of services and the commitment of the team at J.B. Hunt, the company overcame leas predictable freight patterns and some weather related events to produce another record quarter.
About J.B. Hunt Transport Services Inc.: J.B. Hunt Transport Services Inc. operates as a surface tran, providing a range of transportation and delivery services to a group of customers and consumers throughout the continental U.S., Canada and Mexico.
- The J.B. Hunt Transport Services stock has a 52-week range of $34.42-$49.12.
- The stock trades on a daily average volume of 1.26 million.
- The stock is currently trading above its 50-day moving average, which is a bullish signal.
- The stock’s MACD has crossed the signal line on the upside and is also above the zero-line, which are strong bullish signals.
J.B. Hunt Transport Services reported its third-quarter financial results. The company’s shares are soaring following the announcement.