Truck broker Landstar System Inc. (NASDAQ: LSTR) experienced quite the turnaround during the third quarter, reporting earnings per share (EPS) of $1.61, 19 cents higher than the consensus estimate and 26 cents higher year-over-year.
The Jacksonville, Florida-based company’s original guidance called for loads and revenue per load to decline in the mid-single-digit range year-over-year, but by the close of July they were only off 1% and 2%, respectively. By the first week of August, both metrics...
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