Landstar System (LSTR) Misses Q1 EPS by 6c
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Landstar System Reports 2020 First Quarter Results and Its Response to the COVID-19 Pandemic
April 22, 2020 4:15 PM EDTJACKSONVILLE, Fla., April 22, 2020 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported diluted earnings per share of $1.04 in the 2020 first quarter on revenue of $927.6 million. Landstar reported diluted earnings per share of $1.58 on revenue of $1.033 billion in the 2019 first quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was $142.9 million in the 2020 first quarter compared to $155.6 million in the 2019 first quarter.
Truck transportation revenue hauled by independent business capacity owners (BCOs) and truck brokerage carriers in the 2020 first quarter was $854.6 million, or 92... More
