Why Hub Group Shares Are in the Fast Lane Today
Logistics and transportation provider Hub Group (NASDAQ: HUBG) reported first-quarter results that blew away analyst expectations and forecast full-year earnings numbers that were almost double what Wall Street had expected. The shares soared higher as a result, trading up as much as 15.1% on Friday. At 2:56 p.m. ET, shares were up 3.36%.
Hub came into the quarter without a lot of expectations. The shares were down nearly 20% for the month ahead of earnings amid industry chatter of a rapidly decelerating trucking market that was eating into pricing for transportation companies including Hub.
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Source Fool.com
