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Landstar: Q1 Earnings Snapshot

April 20, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LSTR at https://www.zacks.com/ap/LSTR