Shares of Landstar System (NASDAQ:LSTR) fell in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 252.94% year over year to $2.40, which beat the estimate of $2.31.
Revenue of $1,571,000,000 higher by 90.77% year over year, which beat the estimate of $1,470,000,000.
Guidance
Earnings guidance hasn’t been issued by the company for now.
Revenue guidance hasn’t been issued by the company for now.
Price Action
52-week high: $182.63
Company’s 52-week low was at $118.64
Price action over last quarter: down 8.43%
Company Overview
Landstar System is an asset-light third-party logistics provider focused on over-the-road truck transportation (92% 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.
