Landstar System Reports First Quarter Revenue of $1.033 Billion and Record First Quarter Diluted Earnings Per Share of $1.58
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Landstar System (LSTR) Tops Q1 EPS by 6c, Revenues Miss; Offers 2Q EPS Mid-Point Guidance Below Consensus, 2Q Revenue Guidance Below Consensus
April 24, 2019 4:26 PM EDTLandstar System (NASDAQ: LSTR) reported Q1 EPS of $1.58, $0.06 better than the analyst estimate of $1.52. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.05 billion.
I am pleased with Landstars financial performance during the 2019 first quarter, said Landstars President and Chief Executive Officer Jim Gattoni. We began the quarter facing very difficult year over year comparisons plus decelerating rates of growth in both truck revenue per load and truck loadings that began in late 2018. Truck capacity became more readily available at the end of 2018 and that market condition carried through the 2019... More
