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J.B. Hunt's $JBHT Q2 earnings significantly exceeded analyst expectations, and the company rose 8% yesterday.
EPS: $1.91, est: $1.73 +%45YoY
Revenue: $3.50 billion, est: $3.23 billion +%19YoY
In its intermodal segment, the company's core business combining rail and road transport, a record was set with over 578,000 shipments in the quarter.
J.B. Hunt management announced that it has cleared more than $135 million in structural costs from its operations in the past year.
$JPM raised its target price to $313.