BUZZ-Hub Group to restate financials for certain quarters of 2025, shares plummet
Reuters
Feb 06
BUZZ-Hub Group to restate financials for certain quarters of 2025, shares plummet
** Shares of logistic provider Hub Group HUBG.O fall 29% to $36.05 premarket
** Co said late on Thursday that it will restate its financial statements for Q1, Q2 and Q3 of 2025 citing inaccuracies that resulted in the understatement of purchased transportation costs and accounts payable
** Adds, that it has no impact on total cash and cash equivalents or operating cash flow for any periods
** HUBG also delayed its earnings release, while reporting preliminary fourth quarter 2025 results
** HUBG stock was down 4.3% in 2025
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
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