FX.co ★ Hub Group Inc. Q2 Income Drops In Line With Estimates

Hub Group Inc. (HUBG) reported a decline in second-quarter earnings compared to the previous year, aligning with Wall Street forecasts.

The company's net income for the quarter was $29.02 million, or $0.47 per share, down from $46.51 million, or $0.72 per share, in the same period last year.

According to data from Thomson Reuters, analysts had projected earnings of $0.47 per share, excluding special items.

Revenue for the quarter dropped by 5.1%, from $1.040 billion last year to $0.987 billion this year.

Here's a summary of Hub Group Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP):

- Earnings (Q2): $29.02 million vs. $46.51 million last year

- EPS (Q2): $0.47 vs. $0.72 last year

- Revenue (Q2): $0.987 billion vs. $1.040 billion last year

**Guidance:**

- Full year EPS guidance: $1.75 to $2.05

- Full year revenue guidance: $4.0 billion to $4.3 billion