Freight broker Landstar System missed fourth-quarter expectations Wednesday after the market closed.
The Jacksonville, Florida-based company reported earnings per share of $1.31, which fell short of the $1.34 consensus estimate. Management’s guidance range was $1.25 to $1.45.
Revenue of $1.21 billion was up 0.4% year over year and slightly ahead of the $1.2 billion consensus estimate (in line with management’s forecast of $1.15 billion to $1.25 billion).
Total loads hauled by truck fell 3.4% y/y...
https://www.freightwaves.com/news/landstar-q4-earnings-first-look