Broker Landstar System reported second-quarter earnings per share of $1.48 Tuesday after the market closed. The result was 3 cents ahead of the consensus estimate but 37 cents lower year over year. The company previously guided to an EPS range of $1.35 to $1.55 for the quarter.
Revenue of $1.23 billion was 11% lower y/y and within management’s prior range ($1.2 billion to $1.3 billion). Total loads hauled by truck fell 9% y/y (guidance called for a 5% to 9% decline) with revenue per load down 3%...