Shares of J.B. Hunt Transport Services Inc. JBHT, +2.26% were indicated up about 1% in premarket trading Friday, after the trucking company reported third-quarter profit and revenue that rose above expectations, as growth in all business segments helped offset rising wage and truck purchase transportation costs and lack of network fluidity. Net income rose to $199.8 million, or $1.88 a share, from $125.5 million, or $1.18 a share, in the year-ago period. The FactSet consensus for earning per share was $1.78. Revenue grew 27.2% to $3.14 billion, above the FactSet consensus of $3.02 billion. Operating expenses increased 25.0% to $2.87 billion, with wages and benefits costs growing 19.8% and rents and purchased transportation rising 28.5%. The stock has climbed 28.2% year to date, while the Dow Jones Transportation Average DJT, +1.58% has advanced 19.5% and the Dow Jones Industrial Average DJIA, +1.56% has gained 14.1%.
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