Shares of Landstar System LSTR rose 0.49% in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share increased 19.26% over the past year to $1.61, which beat the estimate of $1.37.
Revenue of $1,086,000,000 rose by 7.31% from the same period last year, which beat the estimate of $1,020,000,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Landstar System hasn't issued any revenue guidance for the time being.
Price Action
Company's 52-week high was at $139.99
52-week low: $85.30
Price action over last quarter: Up 4.41%
Company Description
Landstar System is an asset-light third-party logistics provider focused on over-the-road truck transportation (93% of revenue). It also offers intermodal (3%) and global air and ocean forwarding (3%). The remainder of its revenue stems from warehousing services and premiums from insurance programs offered to captive owner-operators.
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