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Stock impact report

Hub Group sees Q4 revenue fall 23% year-over-year to $985M [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
“This led to challenging fundamentals in our more transactional service lines,” President and CEO Phil Yeager said during an earnings call with analysts after the market closed Thursday. “We have a solid pipeline of new onboarding that will support growth in 2024. Despite a challenging industry backdrop, we executed on our strategy and are positioned for continued long-term success.” Oak Brook, Illinois-based Hub Group ( Nasdaq: HUBG ) is a provider of intermodal transportation and logistics management solutions. The company reported fourth-quarter net income of $29 million on earnings per share of 46 cents, a 63% year-over-year (y/y) decline compared to the same period in 2022. The company missed analysts' estimate of earnings per share of 52 cents for the quarter. Revenue for the quarter came in at $985 million versus analysts' estimate of $994 million. Fourth-quarter revenue declined 23% y/y compared to 2022, when Hub Group reported revenue of $1.28 billion. Hub Group's fu Show less Read more
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