Lowell-based carrier J.B. Hunt Transport Services Inc. exceeded analyst expectations in the second quarter as earnings jumped by 48.3% and revenue rose by 31.9%. All segments contributed to the revenue rise amid strong freight demand.
In a report on the earnings, analysts Justin Long and Jack Atkins and associate Brady Lierz, all of Little Rock-based Stephens Inc., said the upside was the revenue, but operating margins were below expectations. The analysts also noted J.B. Hunt incurred a net pre-tax headwind of $18.4 million from higher casualty claims and workers’ compensation benefits. This had a negative impact of 13 cents on earnings per share numbers.
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