U.S. stocks lower as investors rotate out of tech ahead of Jackson Hole
Investing.com - Hub Group reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Hub Group announced earnings per share of $2.61 on revenue of $1.36. Analysts polled by Investing.com EPS of $2.46 on revenue of $1.43B.
Hub Group 's are down 18% and is trading at $75.45 , still down 16.29% from its 52 week high of $89.61 set on Tuesday, August 16, 2022.
Hub Group shares gained 0.57% to trade at $75.45 in after-hours trade the report.
Hub Group follows other major Industrials sector earnings this month
Hub Group's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, for EPS of $1.14 on revenue of $17.31B.
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