Landstar System Inc. Announces Rise In Q4 Earnings

(RTTNews) - Landstar System Inc. (LSTR) reported a profit for its fourth quarter that rose from last year.

The company said its bottom line rose to $64.75 million, or $1.54 per share. This was up from $39.57 million, or $0.94 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 18.0% to $1.05 billion. This was up from $0.89 billion last year.

Landstar System Inc. earnings at a glance:

-Earnings (Q4): $64.75 Mln. vs. $39.57 Mln. last year. -Earnings Growth (Y-o-Y): 63.6% -EPS (Q4): $1.54 vs. $0.94 last year. -EPS Growth (Y-o-Y): 63.8% -Analysts Estimate: $1.02 -Revenue (Q4): $1.05 Bln vs. $0.89 Bln last year. -Revenue Change (Y-o-Y): 18.0%