Landstar System (LSTR) Misses Q2 EPS by 7c, Revenues Beat; Offers 3Q EPS Guidance Above Consensus
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Landstar System Reports Second Quarter Revenue of $824 Million and Diluted Earnings Per Share of $0.63
July 22, 2020 4:15 PM EDTJACKSONVILLE, Fla., July 22, 2020 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported diluted earnings per share of $0.63 in the 2020 second quarter on revenue of $824 million. Included in the Companys 2020 second quarter financial results were:
approximately $12.6 million, or $0.25 per diluted share, in payments made to the Companys BCOs and agents in April and May under the Companys previously disclosed pandemic relief incentive program;a charge of approximately $2.6 million, or $0.05 per diluted share, due to the impairment of certain assets... More