Landstar System (LSTR) Tops Q4 EPS by 1c, Offers Q1 Guidance
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Landstar System Reports Fourth Quarter Revenue Of $849 Million And Record Fourth Quarter Diluted Earnings Per Share From Continuing Operations Of $0.88
January 28, 2016 4:09 PM ESTJACKSONVILLE, Fla., Jan. 28, 2016 /PRNewswire/ -- Landstar System, Inc. (NASDAQ: LSTR) reported fourth quarter net income of $37.9 million, or $0.88 per diluted share, on fourth quarter revenue of $849 million. Diluted earnings per share for the 2015 fourth quarter was the highest fourth quarter diluted earnings per share from continuing operations in Landstar history. Landstar reported net income of $38.5 million, or $0.86 per diluted share, on revenue of $863 million in the 2014 fourth quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was $126.4 million in the 2015 fourth quarter compared to... More
