JACKSONVILLE, Fla. (AP) — JACKSONVILLE, Fla. (AP) — Landstar System Inc. (LSTR) on Tuesday reported third-quarter earnings of $50 million.
On a per-share basis, the Jacksonville, Florida-based company said it had profit of $1.41.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The freight shipper and warehouser posted revenue of $1.21 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $1.22 billion.
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