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Hub Group: 4Q Earnings Snapshot

OAK BROOK, Ill. (AP) _ Hub Group Inc. (HUBG) on Thursday reported fourth-quarter net income of $28 million.

On a per-share basis, the Oak Brook, Illinois-based company said it had net income of 84 cents.

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 84 cents per share.

The transportation management company posted revenue of $900.7 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $940.4 million.

For the year, the company reported profit of $107.2 million, or $3.20 per share. Revenue was reported as $3.67 billion.

Hub Group expects full-year earnings to be $3.39 to $3.60 per share.

Hub Group shares have risen 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $55.38, a rise of 23% in the last 12 months.


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