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Hub Group beats Street 1Q forecasts

OAK BROOK, Ill. (AP) _ Hub Group Inc. (HUBG) on Wednesday reported first-quarter profit of $10.3 million.

The Oak Brook, Illinois-based company said it had profit of 31 cents per share. Earnings, adjusted for non-recurring costs, were 34 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The transportation management company posted revenue of $893.4 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $890.2 million.

Hub Group expects full-year earnings to be $1.60 to $1.80 per share.

Hub Group shares have declined 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $40.15, an increase of nearly 3 percent 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

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Keywords: Hub Group, Earnings Report