Hub Group Inc. Q3 Earnings Drop 14%

(RTTNews) - Hub Group Inc. (HUBG) announced a profit for third quarter that retreated compared to the same period last year.

The company said its profit declined to $15.33 million, or $0.46 per share. This was down from $17.92 million, or $0.54 per share, in last year's third quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.9% to $1.05 billion. This was up from $0.93 billion last year.

Hub Group Inc. earnings at a glance:

-Earnings (Q3): $15.33 Mln. vs. $17.92 Mln. last year. -Earnings Decline (Y-o-Y): -14.5% -EPS (Q3): $0.46 vs. $0.54 last year. -EPS Decline (Y-o-Y): -14.8% -Analysts Estimate: $0.40 -Revenue (Q3): $1.05 Bln vs. $0.93 Bln last year. -Revenue Change (Y-o-Y): 12.9%

-Guidance: Next quarter EPS guidance: $0.53 - $0.58