Landstar System Inc. Profit Falls In Q4, Misses Estimates

(RTTNews) - Landstar System Inc. (LSTR) revealed earnings for fourth quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $46.19 million, or $1.31 per share. This compares with $57.99 million, or $1.62 per share, last year.

Analysts on average had expected the company to earn $1.34 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 0.4% to $1.209 billion from $1.204 billion last year.

Landstar System Inc. earnings at a glance (GAAP) :

-Earnings: $46.19 Mln. vs. $57.99 Mln. last year. -EPS: $1.31 vs. $1.62 last year. -Revenue: $1.209 Bln vs. $1.204 Bln last year.