Landstar System (LSTR) Misses Q4 EPS by 15c; OffersQ1 EPS Guidance Below Consensus

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Go back to Landstar System (LSTR) Misses Q4 EPS by 15c; OffersQ1 EPS Guidance Below Consensus

Landstar System Reports Fourth Quarter Revenue of $994.9 Million and Diluted Earnings Per Share of $1.27

January 29, 2020 4:15 PM EST

JACKSONVILLE, Fla., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported diluted earnings per share of $1.27 in the 2019 fourth quarter on revenue of $994.9 million. Revenue in the 2019 fourth quarter was at the mid-point of the Companys guidance issued on October 23, 2019, while diluted earnings per share was below the low-end of the guidance of $1.40. As further described later in this press release, the shortfall in diluted earnings per share to our guidance was entirely attributable to insurance and claims costs in the quarter, well above the insurance and claims costs anticipated as part of the... More