Landstar System Reports Q4 Earnings Miss, Revenue Beat
JACKSONVILLE, Fla. (AP) - Landstar System Inc. (LSTR) announced fourth-quarter earnings of $46.2 million on Wednesday, missing analyst expectations. Earnings per share were $1.31, below the $1.36 consensus estimate.
Revenue reached $1.21 billion, surpassing the $1.2 billion forecast. For the year, the company reported profit of $195.9 million ($5.51 per share) and revenue of $4.82 billion.
Zacks Investment Research analysts surveyed seven analysts for earnings per share estimates and five for revenue estimates.