Hub Group reported record diluted earnings per share for the first quarter of 2008 of $0.35. This is a 21% increase over last year's first quarter diluted earnings per share of $0.29.
Hub Group posted a higher Q3 profit, but the revenue was well below the analysts’ estimates. The company reported an EPS of 42 cents, compared to 33 cents last year, while the analysts were expecting 40 cents per share. However, the revenue dropped by 3.3 percent to $417.8 million, while the analysts were forecasting revenue of $451.3 million. The decrease in the revenue was mainly due to a fall related to price and mix, and a decline in volume. The company lowered its earnings outlook for 2007 and expects an EPS of $1.39-1.44 compared to previously announced $1.36-1.46.