Landstar System Reports Third Quarter Revenue of $1.086 Billion and Diluted Earnings Per Share of $1.61
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Landstar System (LSTR) Tops Q3 EPS by 24c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus
October 21, 2020 4:19 PM EDTLandstar System (NASDAQ: LSTR) reported Q3 EPS of $1.61, $0.24 better than the analyst estimate of $1.37. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.02 billion.
Landstar entered the third quarter of 2020 facing one of the most unpredictable and challenging freight environments in the Companys history, said Landstar President and Chief Executive Officer Jim Gattoni. In our second quarter earnings release dated July 22, 2020, we provided third quarter guidance anticipating a decrease in a mid single-digit range on a year-over-year basis for both truck volume and price. Through the first few... More
