Hub Group Inc. Q2 Income Declines 54%

(RTTNews) - Hub Group Inc. (HUBG) released earnings for second quarter that retreated from last year.

The company said its bottom line came in at $9.54 million, or $0.29 per share. This was lower than $20.67 million, or $0.61 per share, in last year's second quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.1% to $924.51 million. This was up from $855.56 million last year.

Hub Group Inc. earnings at a glance:

-Earnings (Q2): $9.54 Mln. vs. $20.67 Mln. last year. -Earnings Decline (Y-o-Y): -53.8% -EPS (Q2): $0.29 vs. $0.61 last year. -EPS Decline (Y-o-Y): -52.5% -Analysts Estimate: $0.37 -Revenue (Q2): $924.51 Mln vs. $855.56 Mln last year. -Revenue Change (Y-o-Y): 8.1%