Landstar: 2Q Earnings Snapshot
JACKSONVILLE, Fla. (AP) _ Landstar System Inc. (LSTR) on Wednesday reported second-quarter net income of $61.1 million.
The Jacksonville, Florida-based company said it had profit of $1.53 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The freight shipper and warehouser posted revenue of $1.05 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $1.08 billion.
Landstar shares have increased 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $112.18, a rise of 5% in the last 12 months.