Hub Group: 4Q Earnings Snapshot
Editors Note Adds full-year results.
OAK BROOK, Ill. (AP) _ Hub Group Inc. (HUBG) on Thursday reported fourth-quarter net income of $48.9 million.
The Oak Brook, Illinois-based company said it had profit of $1.46 per share. Earnings, adjusted to account for discontinued operations, came to $1.01 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The transportation management company posted revenue of $1.02 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $969.9 million.
For the year, the company reported profit of $201. million, or $6.01 per share. Revenue was reported as $3.68 billion.
Hub Group expects full-year earnings in the range of $3.10 to $3.30 per share.
Hub Group shares have increased 23 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $45.48, a drop of 2 percent in the last 12 months.
By The Associated Press, Copyright 2019