J.B. Hunt stock plunges 13% after company warns third-quarter earnings will fall

Shares of J.B. Hunt declined sharply on Wednesday following guidance from the company’s chief financial officer that third-quarter earnings would drop compared with the prior quarter. At the Morgan Stanley Industrials conference, CFO Brad Delco attributed the expected decline to a range of labor-related expenses, including recruitment advertising, employee onboarding, training programs, and sign-on bonuses, which he said would add approximately $25 million in costs during the third quarte