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Shares of Landstar System (NASDAQ:LSTR) rose 0.49% in after-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share increased 19.26% over the past year to $1.61, which beat the estimate of $1.37.
Revenue of $1,086,000,000 rose by 7.31% from the same period last year, which beat the estimate of $1,020,000,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
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Landstar System hasn't issued any revenue guidance for the time being.
Price Action
Company's 52-week high was at $139.99
52-week low: $85.30
Price action over last quarter: Up 4.41%
Company Description
Landstar System is an asset-light third-party logistics provider focused on over-the-road truck transportation (93% of revenue). It also offers intermodal (3%) and global air and ocean forwarding (3%). The remainder of its revenue stems from warehousing services and premiums from insurance programs offered to captive owner-operators.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.