JACKSONVILLE, Fla. (AP) — JACKSONVILLE, Fla. (AP) — Landstar System Inc. (LSTR) on Tuesday reported second-quarter earnings of $49 million.
The Jacksonville, Florida-based company said it had net income of $1.44 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The freight shipper and warehouser posted revenue of $1.43 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.32 billion.
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