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Stock impact report

Hub Group's total revenue down 3.7% on weak Q3 market [Yahoo! Finance]

Hub Group, Inc. - Class A (HUBG) 
Last hub group, inc. - class a earnings: 4/30 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: hubgroup.gcs-web.com/investor-relations
Company Research Source: Yahoo! Finance
The company reported third-quarter revenue of $987 million, a 3.7% year-over-year decrease from $1 billion reported in the third quarter of 2023. Oak Brook, Illinois-based Hub Group (NASDAQ: HUBG ) is a provider of intermodal, truck brokerage and logistics services. Hub Group's adjusted earnings per share came in at 52 cents, compared to the 48-cent EPS reported in the third quarter last year. Analysts predicted earnings of 49 cents per share during the quarter and revenue of $1.09 billion. “The broader North American transportation market is showing signs of recovery, with a pull-forward peak season, capacity exits, a resilient consumer and inventory replenishment,” Phil Yeager, president and CEO of Hub Group, said during a call Wednesday with analysts after the market closed. “However, we are anticipating a more constructive framework for the market due to continued strength and demand, along with small carrier capacity exits and minimal growth in capital expenditures in th Show less Read more
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