Shares of Hub Group Inc. were halted in the extended session Monday after the transportation management company forecast earnings well below Wall Street estimates. Hub Group shares were halted at $47.25, following a 1.8% rise in the regular session. The company forecast earnings of 30 cents to 32 cents a share for the first quarter, and $1.60 to $1.80 for the year. Analysts surveyed by FactSet had estimated first-quarter earnings of 45 cents a share, and full-year earnings of $2.39 a share. "We are experiencing a soft pricing environment due primarily to excess truck capacity and extraordinarily aggressive intermodal pricing," the company said in a statement.
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