Hub Group’s Q4 Results Top Street Estimates

Hub Group (HUBG) rose to a new record high in Friday’s afternoon trade after the company reported financial results for Q4, with earnings and revenue that both topped analysts’ expectations.

Shares were up 8.5% and earlier hit a new all-time high of $51.75.

The asset-light freight transportation management company posted earnings of $0.55 per share, compared with the prior-year period’s $0.63 per share. Analysts polled by Capital IQ were expecting EPS of $0.48.

Revenue was $978.6 million, up 10% from $890.3 million in the same quarter last year. The Street view was for revenue of $936.6 million.

By Caroline Williams