Why J.B. Hunt Transport Services Stock Is Trading Down After-Hours

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) shares are trading lower in Tuesday's after-hours session on the heels of the company's third-quarter earnings report. Here are the details.

What To Know: J.B. Hunt Transport Services reported quarterly earnings of $1.80 per share, a 29.96% decrease over earnings of $2.57 per share from the same period last year.

The company reported quarterly sales of $3.16 billion which missed the analyst consensus estimate of $3.20 billion, a 17.59% decrease over sales of $3.84 billion from the same period last year.

The company also highlighted details from its various segments. For instance, it noted Intermodal volume increased by 1% over the same period in 2022. However, the company also reported that the Intermodal segment revenue was down 15% to $1.56 billion. 

JBHT Price Action: Shares of JBHT were down 4.09% at $191.01 in the after-hours session at the time of publication, according to Benzinga Pro.

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Photo: F. Muhammad from Pixabay