Daily Market Updates: J.B. Hunt shares plunge after warning of lower third-quarter earnings

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J.B. Hunt shares plunge after warning of lower third-quarter earnings

The company cautioned that third-quarter earnings are expected to decline 5% to 10% year over year.

Reported · Written up by our desk · Previews

CNBC Earnings reports that J.B. Hunt shares fell sharply on Wednesday after the transportation company issued a warning that its third-quarter earnings will decrease.

According to the report, the company expects earnings to be down between 5% and 10%, prompting investors to cut their outlook.

The stock dropped 13% in the immediate reaction following the warning, reflecting concerns over the company\u2019s near-term profit trajectory.

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CNBC EarningsJ.B. Hunt stock plunges 13% after company warns third-quarter earnings will fall

Earnings

J.B. Hunt shares plunge after warning of lower third-quarter earnings

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