Landstar System pointed to the expectation of a “muted peak season” as the reason for its worse-than-expected fourth-quarter guidance. The Jacksonville, Florida-based freight broker reported third-quarter earnings per share of $1.41 after the market closed Tuesday. The result was 4 cents worse than the consensus estimate and at the low end its prior $1.35 to $1.55 guidance range.
A lower tax rate compared to the year-ago quarter was a 4-cent tailwind in the period.
Landstar’s (NASDAQ: LSTR)...
https://www.freightwaves.com/news/landstar-says-muted-peak-season-will-weigh-on-q4