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Hub Group: 3Q Earnings Snapshot

·1 min read

OAK BROOK, Ill. (AP) _ Hub Group Inc. (HUBG) on Thursday reported third-quarter profit of $24.8 million.

The Oak Brook, Illinois-based company said it had net income of 74 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The transportation management company posted revenue of $924.8 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $877.9 million.

Hub Group shares have fallen slightly more than 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $49.55, dropping slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUBG at https://www.zacks.com/ap/HUBG