Landstar System Reports Second Quarter Revenue of $1.045 Billion and Record Second Quarter Diluted Earnings Per Share of $1.53

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Go back to Landstar System Reports Second Quarter Revenue of $1.045 Billion and Record Second Quarter Diluted Earnings Per Share of $1.53

Landstar System (LSTR) Reports In-Line Q2 EPS, Revenues Miss; Offers Q3 EPS/Revenue Guidance Below Consensus

July 24, 2019 4:19 PM EDT

Landstar System (NASDAQ: LSTR) reported Q2 EPS of $1.53, in-line with the analyst estimate of $1.53. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.07 billion.

Landstars business model performed very well in the 2019 second quarter given the significant change in U.S. freight dynamics from 2018 to 2019, said Landstars President and Chief Executive Officer Jim Gattoni. We entered 2019 knowing we would face very difficult year-over-year comparisons after a record setting 2018. Plus, in late 2018, we began to experience decelerating rates of growth in both truck revenue per load and truck loads that... More