Stocks to Watch: United Airlines, J.B. Hunt, Autodesk
By Dean Seal
United Airlines reported a 10% revenue jump to $12.5 billion in the first quarter, topping analyst forecasts. The top line was boosted by strong demand for flights, with a double-digit percentage rise in business travel demand compared with the prior quarter. Shares rose 5% to $43.60 after hours.
J.B. Hunt Transport Services' profit and revenue fell in the first quarter as demand for its domestic intermodal service softened more than expected and trucking volumes fell in a weak U.S. freight market. Both the top and bottom lines missed analyst expectations. Shares fell 5.2% to $173.44 in after-market trading.
Autodesk said a probe of its accounting practices is continuing and that it won't be able to file its annual report with regulators within a given extension period. Shares slide 2.8% to $221.96 after hours post-market.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 16, 2024 19:08 ET (23:08 GMT)
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