- J.B. Hunt Transport Services, Inc. stock price today and history
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J.B. Hunt Transport Services, Inc. stock price
J.B. Hunt Transport Services, Inc. latest news:
JB Hunt shares slip premarket after below-consensus guidance
Trucking company J.B. Hunt Transport Services Inc. shares slid 1.3% in premarket trade Thursday, after the company offered guidance for the fourth quarter that fell short of estimates. The Lowell, Ark.-based company said it now expects fourth-quarter per-share earnings of 77 cents to 82 cents, below the FactSet consensus of $1.02. The company said it will book an 11 cents-a-share charge for a reserve on a cash advance for the purchase of new trailing equipment from a manufacturer that will not meet delivery, as well as a 10 cents-a-share increase in reserves for insurance claims. Revenue is expected to range from $1.9 billion to $2.0 billion, compared with a FactSet consensus of $1.9 billion. The company said it expects the tax reform enacted on Dec. 22 to create a one-time benefit for 2017. "We are in the process of understanding the widespread applicability of the Act to our financial statements but believe it will primarily affect our balance sheet accounts," it said. Fourth-quarter earnings are scheduled for release on Jan. 18. Shares have gained 19% in 2017, while the S&P 500 has gained 20%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tesla unveils pricing for Semi big rig, starting at $150,000
Tesla Inc. said over the Thanksgiving break that the base price of its new semi-autonomous electric Semi big rig with a 500-mile range, which was unveiled last week, will start at $180,000. The 300-mile version will start at $150,000. The expected Founders series price is $200,000. Production of the highly-anticipated Semi is expected to begin in 2019, which a base reservation cost of $20,000. Retail giant Wal-Mart Stores Inc. and trucking company J.B. Hunt Transport Services Inc. have said they have preordered the Semi. Tesla's stock slipped 0.1% in morning trade. It has eased 0.9% in the week since unveiling the Semi, while the S&P 500 has gained 0.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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