Hub Group: 3Q Earnings Snapshot
OAK BROOK, Ill. (AP) _ Hub Group Inc. (HUBG) on Wednesday reported third-quarter net income of $26.1 million.
On a per-share basis, the Oak Brook, Illinois-based company said it had profit of 78 cents.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The transportation management company posted revenue of $913.3 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $958.8 million.
For the current quarter ending in December, Hub Group expects its per-share earnings to range from 81 cents to 85 cents.
The company expects full-year earnings in the range of $3.36 to $3.40 per share.
Hub Group shares have risen 31% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.49, an increase of 4% in the last 12 months.