Landstar System Inc. Earnings Rise 16% In Q2

(RTTNews) - Landstar System Inc. (LSTR) revealed a profit for its second quarter that climbed from last year.

The company said its bottom line climbed to $37.51 million, or $0.89 per share. This was up from $32.31 million, or $0.76 per share, in last year's second quarter.

Analysts had expected the company to earn $0.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.3% to $870.43 million. This was up from $775.22 million last year.

Landstar System Inc. earnings at a glance:

-Earnings (Q2): $37.51 Mln. vs. $32.31 Mln. last year. -Earnings Growth (Y-o-Y): 16.1% -EPS (Q2): $0.89 vs. $0.76 last year. -EPS Growth (Y-o-Y): 17.1% -Analysts Estimate: $0.89 -Revenue (Q2): $870.43 Mln vs. $775.22 Mln last year. -Revenue Change (Y-o-Y): 12.3%