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OAK BROOK, Ill. (AP) _ Hub Group Inc. (HUBG) on Thursday reported fourth-quarter net income of $22.4 million.
The Oak Brook, Illinois-based company said it had profit of 67 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to 81 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The transportation management company posted revenue of $952.7 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $929.7 million.
For the year, the company reported profit of $73.6 million, or $2.19 per share. Revenue was reported as $3.5 billion.
Hub Group shares have dropped slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.74, an increase of roughly 6% in the last 12 months.