JB Hunt's Revenue Gets a Boost, While Costs Rise
1. J.B. Hunt's Q2 net income missed analyst estimates, at $128.6 million. 2. Earnings per share of $1.31 exceeded Wall Street predictions. 3. Intermodal and truckload revenues increased 2% and 5%, respectively. 4. Operating income hit by rising medical, wages, and equipment expenses. 5. CFO announced $100 million cost reductions, with benefits expected by 2026.