JB Hunt shares drop 9% on rare profit warning By Investing.com

JB Hunt Transport Services Inc. shares dropped significantly after the company issued an unusual earnings warning, projecting a 5% to 10% decline in second to third-quarter earnings. The company cited rising costs, particularly higher fuel prices and surcharges, as the primary reasons for the negative outlook despite an otherwise upbeat discussion on freight market fundamentals. This rare intra-quarter guidance caused a premarket decline of as much as 9% in its stock.