Landstar System: Q2 Earnings Insights

Shares of Landstar System (NASDAQ:LSTR) were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 55.56% over the past year to $0.68, which missed the estimate of $0.70.

Revenue of $823,514,000 declined by 21.19% from the same period last year, which beat the estimate of $775,350,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

Company's 52-week high was at $123.53

52-week low: $85.30

Price action over last quarter: Up 18.87%

Company Overview

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.