Landstar: Q2 Earnings Snapshot

Associated Press Finance
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JACKSONVILLE, Fla. (AP) — JACKSONVILLE, Fla. (AP) — Landstar System Inc. (LSTR) on Wednesday reported second-quarter earnings of $66.6 million.

On a per-share basis, the Jacksonville, Florida-based company said it had profit of $1.85.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The freight shipper and warehouser posted revenue of $1.37 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.34 billion.

For the current quarter ending in September, Landstar said it expects revenue in the range of $1.27 billion to $1.33 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LSTR at https://www.zacks.com/ap/LSTR

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