Landstar System (LSTR) Tops Q1 EPS by 2c; Guides Q2 EPS Above the Street
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Landstar System Reports Record First Quarter Revenue of $1.048 Billion and Record First Quarter Diluted Earnings Per Share of $1.37
April 25, 2018 4:15 PM EDTJACKSONVILLE, Fla., April 25, 2018 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported record first quarter diluted earnings per share of $1.37 in the 2018 first quarter, on record first quarter revenue of $1.048 billion. Landstar reported diluted earnings per share of $0.77 on revenue of $781 million in the 2017 first quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was $155.5 million, a record quarterly gross profit, in the 2018 first quarter compared to $121.6 million in the 2017 first quarter. Operating margin, representing operating income divided by gross profit, was 48.3 percent in the 2018 first... More
