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MarketWatch MarketPulseJan 17, 2019
J. B. Hunt stock rises after company earnings
Shares of J.B. Hunt Transport Services Inc. rose more than 9% in the extended session Thursday after the trucking company reported mixed fourth-quarter results. J. B. Hunt said it earned $88.7 million, or 81 cents a share, in the quarter, compared with $385.3 million, or $3.48 a share, in the year-ago period. The quarterly earnings included previously announced pretax charges of $134 million for contingent liabilities related to an ongoing dispute with freight partner BNSF Railway Co., J. B. Hunt said. The two companies have been in arbitration over how they split revenue from their intermodal business for two years. Total operating revenue was $2.32 billion for the quarter, compared with $1.99 billion a year ago, the company said. Analysts polled by FactSet had expected J. B. Hunt to report earnings of $1.48 a share on sales of $2.3 billion. The stock ended the regular trading day up 3.1%.

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