Landstar: Q1 Earnings Snapshot
JACKSONVILLE, Fla. (AP) _ Landstar System Inc. (LSTR) on Wednesday reported first-quarter net income of $124.8 million.
On a per-share basis, the Jacksonville, Florida-based company said it had net income of $3.34.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.10 per share.
The freight shipper and warehouser posted revenue of $1.97 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.85 billion.
For the current quarter ending in July, Landstar expects its per-share earnings to range from $3.22 to $3.32.
The company said it expects revenue in the range of $2 billion to $2.05 billion for the fiscal second quarter.