J.B. Hunt (JBHT) Stock Down Almost 3% on Q2 Earnings Miss

Quarterly earnings of $1.32 per share missed the Zacks Consensus Estimate of$1.51 and declined 27% year over year. Operating income for the reported quarter fell 24% year over year to $205.7 million. The downside was owing to lower revenues and higher insurance and claims, equipment-related, and certain personnel-related expenses. Segmental Highlights Transcontinental network loads increased 4% year over year, while eastern network loads decreased 7%. Dedicated Contract Services segment revenues fell 4% fr ...