J B Hunt Transport Stock Gains After Q3 Earnings Beat

J B Hunt Transport Services Inc JBHT reported third-quarter FY21 revenue growth of 27.2% year-over-year to $3.14 billion, beating the consensus of $3.01 billion.
Sales by segments: Intermodal $1.41 billion (+16.6% Y/Y), Dedicated Contract Services $664.77 million (20.2% Y/Y), Integrated Capacity Solutions $666.22 million (+54.5% Y/Y), Final Mile Services $205.91 million (+13.1% Y/Y) and Truckload $203.61 million (+86.6% Y/Y).
EPS improved to $1.88 from $1.18 in 3Q20, beating the consensus of $1.79.
The operating income increased by 56% Y/Y to $273.83 million, and the margin expanded by 161 bps to 8.7%.
Intermodal operating income increased by 52% Y/Y to $165.1 million, while Dedicated Contract Services operating income decreased by 3% Y/Y to $78.1 million.
JB Hunt Transport generated cash from operating activities year-to-date of $969.85 million, compared to $910.99 million a year ago. It held cash and equivalents of $529.6 million as of September 30, 2021.
Price Action: JBHT shares are trading higher by 4.14% at $182.50 during the premarket session on Friday.

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