Stocks in Action USA: J.B. Hunt, Nokia, Intel
Reading Time: 4 minutes
J.B. Hunt (JBHT) – Profit warning causes stock to plummet by over 10%, rising costs pressure margins! J.B. Hunt plunges by more than 10% after the logistics company warned of a profit decline in the third quarter: According to CFO Brad Delco, the results are expected to decrease by 5 to 10% compared to the second quarter. This is primarily due to additional expenses incurred in preparing for anticipated volume growth – the company expects around $25 million in higher costs for recruiting, advertising, onboarding, training, and signing bonuses...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
