JB Hunt Stock Sinks as Q4 Volumes Decline
1. J.B. Hunt missed fourth-quarter revenue and profit forecasts due to volume declines. 2. Fourth-quarter revenue fell 5% year-over-year to $3.15 billion, missing estimates. 3. All divisions reported revenue losses, indicating broad challenges in the freight market. 4. CEO predicts challenging freight environment to continue into 2024. 5. Shares tumbled 7% post-earnings report, reflecting investor concerns.