Landstar System (LSTR) Tops Q3 EPS by 24c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus

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Go back to Landstar System (LSTR) Tops Q3 EPS by 24c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus

Landstar System Reports Third Quarter Revenue of $1.086 Billion and Diluted Earnings Per Share of $1.61

October 21, 2020 4:15 PM EDT

JACKSONVILLE, Fla., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported revenue of $1.086 billion, an increase of approximately 7% over revenue of $1.012 billion reported in the 2019 third quarter. Diluted earnings per share of $1.61 in the 2020 third quarter represented an increase of approximately 19% over diluted earnings per share of $1.35 in the 2019 third quarter. 2020 third quarter diluted earnings per share was the second highest third quarter diluted earnings per share in the Companys history, behind only the 2018 third quarter diluted earnings per share of $1.63. Gross profit (defined as revenue less the cost of purchased... More